Form 8-K

8-K — Pathfinder Bancorp, Inc.

Accession: 0001193125-26-326175

Filed: 2026-07-30

Period: 2026-07-30

CIK: 0001609065

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — pbhc-20260730.htm (Primary)

EX-99.1 (pbhc-ex99_1.htm)

GRAPHIC (img82107641_0.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: pbhc-20260730.htm · Sequence: 1

8-K

PATHFINDER BANCORP, INC.false000160906500016090652026-07-302026-07-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 30, 2026

(Exact name of Registrant as specified in its charter)

Commission File Number: 001-36695

Maryland

38-3941859

(State or Other Jurisdiction of Incorporation or Organization)

(I.R.S. Employer Identification Number)

214 West First Street, Oswego, NY 13126

(Address of Principal Executive Office) (Zip Code)

(315) 343-0057

(Issuer's Telephone Number including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

PBHC

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Section 2 – Financial Information

Item 2.02 – Results of Operations and Financial Condition

On July 30, 2026, Pathfinder Bancorp, Inc. issued a press release disclosing its second quarter 2026 financial results. A copy of the press release is included as Exhibit 99.1 to this report.

The information in Item 2.02 to this Form 8-K and Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth in such filing.

Item 9.01 – Financial Statements and Results

Exhibit No.

Description

99.1

Press Release dated July 30, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

PATHFINDER BANCORP, INC.

Date:

July 30, 2026

By:

/s/ James A. Dowd

James A. Dowd

President and Chief Executive Officer

EX-99.1

Filename: pbhc-ex99_1.htm · Sequence: 2

EX-99.1

Investor/Media Contacts

James A. Dowd, President, CEO

Justin K. Bigham, Executive Vice President, CFO

Telephone: (315) 343-0057

Pathfinder Bancorp, Inc. Announces Financial Results for the

Second Quarter of 2026

Pathfinder grew earnings to $0.42 per share in the second quarter of 2026 with stable credit performance, disciplined loan and deposit pricing, and incremental net interest income generated by

deploying underutilized liquidity into the bank’s AFS securities portfolio

OSWEGO, N.Y., July 30, 2026 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Pathfinder” or the “Company”) (NASDAQ: PBHC) announced its financial results for the second quarter ended June 30, 2026.

The holding company for Pathfinder Bank (“the Bank”) reported net income attributable to common shareholders of $2.7 million, or $0.42 per diluted share, in the second quarter of 2026, compared to $2.4 million, or $0.38 per diluted share, in the first quarter of 2026, and $31,000, or less than $0.01 per share, in the second quarter of 2025.

Second Quarter 2026 Highlights and Key Developments

•

Second quarter 2026 net income reflected a $155,000 provision benefit attributed to the level of average loans outstanding in the period and the risk-based reserve build undertaken in the second half of 2025 to absorb future loss resolution activity related to individually analyzed commercial loans. The Company recorded a $168,000 provision benefit in the first quarter of 2026 and a $1.2 million provision expense in the second quarter of 2025.

•

The Company’s allowance for credit losses (“ACL”) fully absorbed a second quarter 2026 charge-off of a previously reserved commercial loan associated with a single relationship identified through last year’s comprehensive commercial portfolio review. Net charge-offs were $1.9 million in the second quarter of 2026, compared to $284,000 in the first quarter of 2026 and $2.6 million in the second quarter of 2025. The ACL was $26.9 million, or 3.03% of total loans, on June 30, 2026, compared to $29.0 million, or 3.24% of total loans, on March 31, 2026, and $16.0 million, or 1.76% of loans, on June 30, 2025. Specific reserves, including those previously established in conjunction with last year’s comprehensive commercial portfolio review, represented 62.0% of the ACL at the end of the second quarter of 2026.

•

Loans totaled $889.0 million at June 30, 2026, compared to $895.2 million at March 31, 2026, and $909.7 million at June 30, 2025. Commercial loans were $544.6 million or 61.3% of total loans at June 30, 2026, compared to $549.5 million at March 31, 2026 and $549.1 million at June 30, 2025.

•

Deposits totaled $1.17 billion at June 30, 2026, compared to $1.21 billion at March 31, 2026, and $1.22 billion at June 30, 2025. Core deposits were $961.6 million or $81.9% of total deposits on June 30, 2026, compared to $993.7 million at March 31, 2026 and $958.8 million on June 30, 2025.

•

Net interest income was $10.5 million in the second quarter of 2026, benefiting from the reallocation of underutilized liquidity into the available-for-sale (“AFS”) securities portfolio, compared to $10.3 million in the first quarter of 2026 and $10.8 million in the second quarter of 2025. Net interest margin

(“NIM”) was 3.08% in the second quarter of 2026, compared to 3.10% in the linked quarter and 3.11% in the year-ago period.

•

Noninterest expense was $8.7 million or 2.39% of average assets on an annualized basis in the second quarter of 2026, compared to $8.7 million or 2.48% of average assets in the first quarter of 2026 and $8.1 million or 2.18% of average assets in the second quarter of 2025.

•

The efficiency ratio was 74.26% in the second quarter of 2026, compared to 75.65% in the first quarter of 2026 and 65.66% in the second quarter of 2025(1).

•

Pre-tax, pre-provision (“PTPP”) net income was $3.0 million in the second quarter of 2026, compared to $2.8 million in the first quarter of 2026 and $4.2 million in the second quarter of 2025(1).

•

Quarterly cash dividends payable to common stockholders of $0.10 per share were declared on June 29, 2026 and are payable on August 7, 2026.

“Pathfinder’s financial results reflect continued progression toward more consistent, durable profitability, with meaningful improvement in second quarter earnings and returns on assets and equity,” President and Chief Executive Officer James Dowd said. “Sequential growth in net interest income reflected an opportunistic reallocation of underutilized liquidity into the AFS securities portfolio, and third quarter results are expected to benefit more fully from these securities purchases undertaken in late May, utilizing borrowings at rates below those of wholesale funding alternatives. This approach enabled us to generate incremental earnings while preserving the flexibility to leverage Pathfinder’s low-cost core deposit franchise to fund future lending to our community bank’s businesses and consumers.”

Dowd added, “Performance was also supported by a modest net credit to provision, underscoring the benefits of the proactive, risk-based reserve build we completed last year and the ongoing stabilization of credit costs. The resolution of previously reserved commercial loans with unique risk characteristics improved overall portfolio quality without the need for incremental provision expense. Our second quarter 2026 asset quality metrics further reflects the comprehensive commercial portfolio review and reserve build completed at the end of last year, as well as the broad-based credit discipline initiatives implemented since mid-2024.”

(1) Non-GAAP financial metric. See “Notes on Non-GAAP Financial Measures” and non-GAAP reconciliation included herein for the most directly comparable financial measures.

Net Interest Income and Net Interest Margin

Second quarter 2026 net interest income was $10.5 million, an increase of $196,000, or 1.9%, from the first quarter of 2026. An increase in total interest and dividend income of $566,000 in the second quarter of 2026, from the linked quarter, was primarily attributed to a $34.9 million increase in average earning assets, as well as an average yield increase of 3 basis points on all interest-earning assets. An 11 basis points increase in average loan yields in the second quarter of 2026, from the linked quarter, was primarily attributable to the transfer of three commercial relationships to nonperforming status in the first quarter of 2026, in addition to originations of commercial real estate loans, which offset the impact of portfolio runoff from maturities and payoffs. A 16 basis points decrease in taxable securities average yield in the second quarter of 2026, from the linked quarter, reflected a $43.0 million increase in average taxable investment securities balances resulting from AFS securities purchases undertaken in the second quarter of 2026. In addition, average balances of loans, tax-exempt securities, and federal funds sold and interest-earning deposits declined in the second quarter of 2026, from the linked quarter, by $2.2 million, $384,000, and $5.5 million, respectively. Compared to the linked quarter, second quarter 2026 income

from loan interest, taxable securities, tax-exempt securities and dividends increased by $213,000, $321,000, $33,000, and $38,000, respectively, while income from federal funds sold and interest earning deposits declined by $39,000. An increase in total interest expense in the second quarter of 2026, from the linked quarter, of $370,000 was attributed to a 5 basis points increase in the average cost of total interest-bearing liabilities, including an increase of 3 basis points in the average cost of interest-bearing deposits that was partially offset by decreases of 6 basis points in the average cost of borrowings and 3 basis points in the average cost of subordinated debt.

Second quarter 2026 NIM was 3.08%, compared to 3.10% in the linked quarter. The 2 basis points decrease from the linked quarter resulted from an increase in the cost of interest-bearing deposits, which more than offset higher earning asset yields.

Second quarter 2026 net interest income was $10.5 million, a decrease of $278,000, or 2.6%, from the year-ago period. A decrease in total interest and dividend income of $1.1 million in the second quarter of 2026, from the year-ago period, was primarily attributed to a $21.9 million decline in average earning asset balances and an average yield decrease of 24 basis points on all interest-earning assets. Average loan yields decreased 16 basis points from the year-ago period, driven by maturities and payoffs of higher-yielding loans, and elevated nonperforming loans for which specific reserves were established as appropriate prior to the second quarter of 2026. A 33 basis points decrease in taxable securities average yield in the second quarter of 2026, from the year-ago period, reflected a decline in average taxable investment securities balances and a declining rate environment. In addition, average balances of loans, taxable securities and tax-exempt securities declined in the second quarter of 2026, from the year-ago period, by $11.4 million, $14.8 million, and $1.2 million, respectively. Compared to the year-ago period, second quarter 2026 decreases in income from loan interest, taxable securities, and tax-exempt securities of $536,000, $602,000, and $97,000, respectively, were partially offset by increases in income from dividends of $66,000 and federal funds sold and interest earning deposits of $55,000. A decrease in total interest expense in the second quarter of 2026, from the year-ago period, of $836,000 was attributed to a 22 basis points decline in the average cost of total interest-bearing liabilities, including a reduction of 33 basis points in the average cost of interest-bearing deposits that was partially offset by an increase of 7 basis points in the average cost of borrowings, as well as an increase of 218 basis points in the average cost of subordinated debt that reset from bearing fixed to floating-rate interest after October 15, 2025.

Second quarter 2026 NIM was 3.08%, compared to 3.11% in the year-ago period. The decrease of 3 basis points primarily reflected lower earning asset yields that more than offset the reduction in the cost of interest-bearing deposits and other liabilities.

Noninterest Income

Second quarter 2026 noninterest income totaled $1.2 million. First quarter 2026 noninterest income totaled $1.1 million, which was reduced by $203,000 for fair value adjustments made in that period to $6.3 million in substandard loans that were transferred to held-for-sale status in the fourth quarter of 2025. Second quarter 2025 noninterest income totaled negative $1.5 million, including $3.1 million in fair value adjustments made in the year-ago period in connection with the sale of certain nonperforming and classified loans.

Compared to the linked quarter, second quarter 2026 noninterest income reflected increases of $74,000 in earnings and gain on bank owned life insurance (“BOLI”) and $49,000 in debit card interchange fees. In addition, compared to the linked quarter, second quarter 2026 noninterest income also reflected a decrease of $5,000 in net

realized losses on sales and redemptions of investment securities, as well as decreases of $91,000 in gains on sales of loans and foreclosed real estate and $21,000 in loan servicing fees. Net unrealized gains on marketable equity securities, which include three limited partnership equity method investments, remains a variable contributor to noninterest income, decreasing $129,000 in the second quarter of 2026 from the linked quarter.

Compared to the year-ago period, second quarter 2026 noninterest income reflected increases of $174,000 in earnings and gains on BOLI, $8,000 in debit card interchange fees, and $1,000 in service charges on deposit accounts. In addition, compared to the year-ago period, second quarter 2026 noninterest income included an increase of $12,000 in gains on sales of loans and foreclosed real estate, as well as a decrease of $29,000 in loan servicing fees. Net unrealized gains on marketable equity securities, which include three limited partnership equity method investments, remains a variable contributor to noninterest income, decreasing $473,000 in the second quarter of 2026 from the year-ago period.

Noninterest Expense

Noninterest expense totaled $8.7 million in the second quarter of 2026, compared to $8.7 million in the first quarter of 2026 and $8.1 million in the second quarter of 2025.

Salaries and benefits expense was $4.7 million in the second quarter of 2026, decreasing $204,000 from the linked quarter and increasing $128,000 from the year-ago quarter. The Company recorded moderate increases in salaries, stock-based compensation, and payroll taxes compared to both periods, with the year-over-year increase also reflecting higher staffing levels. These increases were offset by the favorable impact of several non-operating items, including recoveries from medical claim refunds under the Company's self-insured health plan in the second quarter of 2026.

Building and occupancy expense was $1.4 million in the second quarter of 2026, increasing $53,000 from the linked quarter and $150,000 from the year-ago quarter. The increases from the linked and year-ago quarters reflected higher facility-related maintenance and repair expenses, including ATM servicing, branch maintenance and various property improvement activities.

Data processing expense was $774,000 in the second quarter of 2026, increasing $41,000 from the linked quarter and $107,000 from the year-ago period. The increases from the linked and year-ago quarters reflected higher costs primarily associated with data, ATM, and other technology maintenance costs.

Other expenses were $614,000 in the second quarter of 2026, increasing $139,000 from the linked quarter and $104,000 from the year-ago quarter. The increases from both the linked and year-ago quarters were primarily attributable to higher employee travel, training, and professional development expenses, as well as higher mortgage recording tax, liability insurance, and business development-related expenses. The year-over-year increase was also influenced by certain favorable accrual and expense reclassification adjustments recognized in the year-ago period.

Total noninterest expense comparisons also reflect FDIC assessments, which were zero in the second quarter of 2025, due to modest over-accruals in prior periods. Normalized FDIC assessment accruals have been recorded since June 30, 2025, including $204,000 and $232,000 in first and second quarters of 2026, respectively.

As a percentage of average assets, annualized noninterest expense represented 2.39% in the second quarter of 2026, compared to 2.48% and 2.18% in the linked and year-ago periods. The efficiency ratio was 74.26% in the second quarter of 2026, compared to 75.65% and 65.66% in the linked and year-ago periods, respectively(2). As the Company continues to maintain well controlled noninterest expenses, the efficiency ratio was elevated in the second quarter of 2026 by a reduction in revenues in the period, which the Company views as temporary. In addition, the absence of FDIC assessment expense in the second quarter of 2025, due to modest over-accruals in prior periods, lowered the efficiency ratio for the three months ended June 30, 2025.

(2) Non-GAAP financial metric. See “Notes on Non-GAAP Financial Measures” and non-GAAP reconciliation included herein for the most directly comparable financial measures.

Net Income

Net income attributable to common shareholders was $2.7 million, or $0.42 per basic and diluted share, in the second quarter of 2026, compared to $2.4 million, or $0.38 per basic and diluted share, in the first quarter of 2026, and $31,000, or less than $0.01 per basic and diluted share, in the second quarter of 2025.

Statement of Financial Condition

As of June 30, 2026, the Company’s statement of financial condition reflects total assets of $1.49 billion, compared to $1.42 billion on March 31, 2026, and $1.51 billion on June 30, 2025.

Loans totaled $889.0 million on June 30, 2026, decreasing $6.2 million or 0.7% during the second quarter of 2026 and $20.7 million or 2.3% from one year prior. Consumer and residential loans totaled $345.2 million on June 30, 2026, decreasing $1.8 million or 0.5% during the second quarter of 2026 and $16.9 or 4.7% from one year prior. Commercial loans totaled $544.6 million on June 30, 2026, decreasing $4.9 million or 0.9% during the second quarter of 2026 and $4.5 million or 0.8% from one year prior.

Investment securities totaled $483.7 million on June 30, 2026, increasing $82.1 million or 20.4% during the second quarter of 2026 and $20.0 million or 4.3% from one year prior. The increase from March 31, 2026 was primarily due to the purchase of AFS securities during the second quarter of 2026, enabling the Company to generate incremental earnings while preserving the flexibility to use core deposits to fund future loan growth, even as the held-to maturity (“HTM”) portfolio experienced runoff from maturities, calls, and paydowns.

With respect to liabilities, deposits totaled $1.17 billion on June 30, 2026, decreasing $37.5 million or 3.1% during the second quarter of 2026 and $47.6 million or 3.9% from one year prior, as the Bank utilizes deliberate pricing and account management to facilitate intentional runoff of higher-cost brokered deposits and non-relationship time deposits. The decrease from March 31, 2026 reflected a shift in deposit mix toward noninterest-bearing demand deposits, while other deposit categories declined, including higher-cost time deposits with balances of less than $250,000. The decrease from June 30, 2025 reflects growth in MMDA deposits and both interest- and noninterest-bearing demand deposits, offset by runoff of higher-cost time deposits.

Core deposits totaled $961.6 million, or 81.9% of total deposits, on June 30, 2026, decreasing $32.1 million or 3.2% during the second quarter of 2026 and increasing $2.8 million or 0.3% from one year prior.

Borrowings were utilized in the second quarter of 2026 to fund purchases of AFS securities at rates below those of wholesale funding alternatives, including brokered deposits. As a result, borrowings grew to $133.4 million on June 30, 2026, increasing $106.0 million during the second quarter of 2026 and $36.9 million from one year prior.

Shareholders’ equity totaled $125.7 million on June 30, 2026, increasing $2.2 million or 1.7% during the second quarter of 2026 and $1.3 million or 1.1% from one year prior. The increase from March 31, 2026 primarily reflected a $2.0 million increase in retained earnings and a $529,000 increase in additional paid in capital, which more than offset a $408,000 increase in accumulated other comprehensive loss (“AOCL”).

Asset Quality

The Company’s asset quality metrics reflect ongoing efforts the Bank is undertaking as part of its commitment to continuously improve its credit risk management approach.

The Company believes it is sufficiently collateralized and reserved, with an ACL of $26.9 million on June 30, 2026, compared to $29.0 million on March 31, 2026, and $16.0 million on June 30, 2025. During the second quarter of 2026, the Company charged off a $1.6 million commercial loan with unique risk characteristics ("LURC") that had been identified through last year's comprehensive commercial portfolio review. The charge-off was fully covered by previously established ACL reserves. As a percentage of total loans, ACL represented 3.03% on June 30, 2026, 3.24% on March 31, 2026, and 1.76% on June 30, 2025.

The ACL continues to reflect a $11.4 million risk-based reserve build at the end of 2025, following a forward-looking assessment of LURCs identified through a comprehensive review of approximately 90% of the Bank’s commercial portfolio. Specific reserves, including those established in conjunction with 2025’s comprehensive commercial portfolio review, represented 62.0% of the Company’s ACL at the end of the second quarter of 2026.

Individually analyzed loans (“IALs”) including LURCs totaled $78.6 million on June 30, 2026, improving from $84.7 million on March 31, 2026. At the end of the second quarter of 2026, LURCs consisted of 67% commercial real estate (“CRE”) loans, which had a weighted average loan-to-value (“LTV”) ratio of 66%(3).

Nonperforming loan (“NPL”) levels may fluctuate near term as IALs progress through resolution activities. NPLs were $35.7 million, or 4.02% of total loans on June 30, 2026, compared to $38.2 million, or 4.26% of total loans on March 31, 2026, and $11.7 million or 1.28% of total loans on June 30, 2025. NPLs decreased in the second quarter of 2026, largely as the result of the $1.6 million charge-off of the aforementioned LURC associated with a single commercial relationship.

The Company’s ACL fully absorbed second quarter 2026 net charge-offs (“NCOs”) of $1.9 million, or an annualized 0.83% of average loans, with gross charge-offs partially offset by $298,000 in recoveries.

A credit loss provision benefit of $155,000 was recorded in the second quarter of 2026, attributed to the level of average loans outstanding in the period and the risk-based reserve build undertaken in the second half of 2025 to absorb future loss resolution activity related to commercial IALs. A credit loss provision benefit of $168,000 was recorded in the first quarter of 2026 and the provision for credit loss expense was $1.2 million in the year-ago period.

(3) Weighted average LTV is the loan principal balance as a percentage of book balance for commercial real estate (CRE) individually analyzed loans, excluding two loans with LTVs >100% based on collateral that is expected to be sold to new owners or sponsors intending to reposition these transitional or value-add properties. Collateral values are determined using most-recent appraisals, purchase offers, auction bids, broker opinions, and business financials.

Liquidity

The Company has diligently ensured a strong liquidity profile as of June 30, 2026 to meet its ongoing financial obligations. The Bank’s liquidity management, as evaluated by its cash reserves and operational cash flows from loan repayments and investment securities, remains robust and is effectively managed by the institution’s leadership.

The Bank’s analysis indicates that expected cash inflows from loans and investment securities are more than sufficient to meet all projected financial obligations. Total deposits were $1.17 billion on June 30, 2026, compared to $1.21 billion on March 31, 2026, and $1.22 billion on June 30, 2025. Core deposits, as a percentage of total deposits, represented 81.89% on June 30, 2026, compared to 82.01% on March 31, 2026, and 78.47% on June 30, 2025. The Bank continues to implement strategic initiatives to enhance its core deposit franchise, including targeted marketing campaigns and customer engagement programs aimed at deepening banking relationships and enhancing deposit stability.

On June 30, 2026, the Bank had an available additional funding capacity of $81.7 million with the Federal Home Loan Bank of New York and $54.3 million with the Federal Reserve Bank, which complements its liquidity reserves. Moreover, the Bank maintains additional unused credit lines totaling $15.0 million, which provide a buffer for additional funding needs. These facilities, including access to the Federal Reserve’s Discount Window, are part of a comprehensive liquidity strategy that ensures flexibility and readiness to respond to any funding requirements.

Cash Dividend Declared

On June 29, 2026, Pathfinder’s Board of Directors declared a cash dividend of $0.10 per share for holders of both voting common and non-voting common stock.

Shareholders registered by July 17, 2026 will be eligible for the dividend, which is scheduled for disbursement on August 7, 2026. This distribution aligns with Pathfinder Bancorp’s philosophy of consistent and reliable delivery of shareholder value.

Evaluating the Company’s market performance, the closing stock price as of June 30, 2026 stood at $15.88 per share. This positions the annualized dividend yield at 2.52%.

About Pathfinder Bancorp, Inc.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) is the bank holding company for Pathfinder Bank, which serves Central New York customers throughout Oswego, Syracuse, and their neighboring communities. Strategically located branches, as well as diversified consumer, mortgage, and commercial loan portfolios, reflect the state-chartered Bank’s commitment to in-market relationships and local customer service. The Company also offers investment services to individuals and businesses. More information is available at pathfinderbank.com and ir.pathfinderbank.com.

Forward-Looking Statements

Certain statements contained herein are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include, but are not limited to, statements regarding expected earnings normalization, future credit costs, the adequacy of the allowance for credit losses, reduced incremental reserve pressure, potential expansion of regulatory capital ratios, dividend sustainability, liquidity capacity, funding availability, and the Company’s business strategy and outlook for 2026 and beyond.

Forward-looking statements are generally identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project” or similar expressions, or future or conditional verbs, such as “will,” “would,” “should,” “could,” or “may.” These forward-looking statements are based on current beliefs and expectations of the Company’s and the Bank’s management and are inherently subject to significant business, economic, competitive and regulatory uncertainties and contingencies, many of which are beyond the Company’s and the Bank’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.

Actual results may differ materially from those expressed or implied by the forward-looking statements as a result of numerous factors. Although it is not possible to identify all factors that may cause actual results to differ, such include, but are not limited to: risks related to the real estate and economic environment, particularly in the market areas in which the Company and the Bank operate; fiscal and monetary policies of the U.S. Government; inflation; changes in prevailing interested rates; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital requirements; the risk that actual credit losses, borrower performance, collateral values, or loan migration patterns differ from management’s forward-looking estimates or assumptions; fluctuations in the adequacy of the allowance for credit losses; decreases in deposit levels or changes in deposit mix that may necessitate increased borrowing to fund loans and investments; access to wholesale or other funding sources; operational risks including, cybersecurity, fraud, model risk and natural disasters; credit risk management; and the risk that the Company may not be successful in the implementation of its business strategy.

Additional factors that could cause actual results to differ materially are described in the Company’s Annual Report on Form 10-K and other periodic filings with the Securities and Exchange Commission (“SEC”), which are available at the SEC’s website, www.sec.gov. While the Company believes it has identified and discussed the material risks affecting its business, there may be additional risks and uncertainties not currently known or considered immaterial that could affect the forward-looking statements made herein.

Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictions of future results. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Notes on Non-GAAP Financial Measures

This release contains certain non-GAAP financial measures, including, but not limited to the efficiency ratio, pre-tax, pre-provision net income, tangible common equity, tangible book value per share, and return on average tangible common equity. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of a registrant’s historical or future financial performance, financial position, or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States (“GAAP”), or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable GAAP measure.

The Company believes these non-GAAP financial measures provide useful information to investors by assisting in the evaluation of the Company’s operating performance, operating efficiency, financial condition, and trends, and by facilitating comparisons with prior periods and with peer institutions. In particular, management uses these measures to assess expense control relative to revenue generation, underlying profitability excluding certain non-recurring or non-operational items, and capital strength on a basis that it believes is meaningful for internal planning and external analysis.

These non-GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP and should be considered only in conjunction with the Company’s GAAP financial results.

Pursuant to the requirements of Regulation G, the Company has provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures within this release.

PATHFINDER BANCORP, INC.

Selected Financial Information (Unaudited)

(Dollars in thousands, except per share amounts)

2026

2025

SELECTED BALANCE SHEET DATA:

June 30,

March 31,

December 31,

September 30,

June 30,

ASSETS:

Cash and due from banks

11,402

13,915

11,521

19,317

16,183

Interest-earning deposits

14,648

25,244

19,649

21,255

15,292

Total cash and cash equivalents

26,050

39,159

31,170

40,572

31,475

Available-for-sale securities, at fair value

366,147

272,971

276,815

294,457

300,951

Held-to-maturity securities, at amortized cost

111,371

122,432

130,324

142,538

157,892

Marketable equity securities, at fair value

6,213

6,207

6,034

5,352

4,881

Federal Home Loan Bank stock, at cost

6,935

2,169

2,560

3,488

5,278

Loans held-for-sale

5,700

5,900

3,161

Loans, net of deferred fees

888,975

895,202

896,670

898,520

909,723

Less: Allowance for credit losses

26,920

28,966

29,436

18,654

15,983

Loans receivable, net

862,055

866,236

867,234

879,866

893,740

Premises and equipment, net

17,669

17,882

18,008

18,760

19,047

Operating lease right-of-use assets

1,046

1,072

1,098

1,124

1,115

Finance lease right-of-use assets

15,489

15,687

15,885

16,082

16,280

Accrued interest receivable

6,511

5,832

6,328

6,498

6,889

Foreclosed real estate

137

Intangible assets, net

5,048

5,205

5,362

5,518

5,675

Goodwill

5,056

Bank owned life insurance

31,671

31,631

31,374

31,145

31,045

Other assets

25,405

24,606

23,351

21,675

22,551

Total assets

1,492,503

1,421,982

1,426,636

1,472,268

1,505,119

LIABILITIES AND SHAREHOLDERS' EQUITY:

Deposits:

Interest-bearing deposits

960,706

1,005,092

987,471

1,028,782

1,030,155

Noninterest-bearing deposits

213,563

206,635

196,377

196,299

191,732

Total deposits

1,174,269

1,211,727

1,183,848

1,225,081

1,221,887

Short-term borrowings

125,000

15,000

44,000

38,000

75,500

Long-term borrowings

8,374

12,374

14,074

18,702

20,977

Subordinated debt

30,155

30,258

30,206

Accrued interest payable

469

451

424

1,134

813

Operating lease liabilities

1,259

1,282

1,304

1,326

1,313

Finance lease liabilities

16,201

16,295

16,390

16,479

16,566

Other liabilities

11,032

11,115

13,990

14,949

13,444

Total liabilities

1,366,759

1,298,399

1,304,185

1,345,929

1,380,706

Shareholders' equity:

Voting common stock shares issued and outstanding

4,898,360

4,876,213

4,805,361

4,794,225

4,788,109

Voting common stock

Non-voting common stock

Additional paid in capital

55,624

55,095

54,390

53,974

53,645

Retained earnings

77,180

75,140

73,366

79,560

79,564

Accumulated other comprehensive loss

(7,123

)

(6,715

)

(5,367

)

(7,257

)

(8,858

)

Total shareholders' equity

125,744

123,583

122,451

126,339

124,413

Total liabilities and shareholders' equity

1,492,503

1,421,982

1,426,636

1,472,268

1,505,119

The above information is unaudited and preliminary, based on the Company's data available at the time of presentation.

Six Months Ended June 30,

2026

2025

SELECTED INCOME STATEMENT DATA:

2026

2025

Interest and dividend income:

Loans, including fees

24,927

26,778

12,570

12,357

12,983

13,799

13,106

Debt securities:

Taxable

9,519

10,707

4,920

4,599

4,681

5,307

5,522

Tax-exempt

703

867

368

335

385

455

465

Dividends

136

114

Federal funds sold and interest-earning deposits

285

157

123

162

131

Total interest and dividend income

35,570

38,623

18,068

17,502

18,294

19,736

19,182

Interest expense:

Interest on deposits

12,315

14,263

6,182

6,133

6,768

6,957

7,318

Interest on short-term borrowings

870

1,040

604

266

365

566

495

Interest on long-term borrowings

213

137

114

123

127

Interest on subordinated debt

1,296

958

647

649

528

486

483

Total interest expense

14,694

16,398

7,532

7,162

7,784

8,136

8,368

Net interest income

20,876

22,225

10,536

10,340

10,510

11,600

10,814

(Benefit from) provision for credit losses:

Loans

(368

)

1,677

(182

)

(186

)

11,385

3,341

1,173

Held-to-maturity securities

(22

)

(22

)

(86

)

Unfunded commitments

(28

)

(105

)

153

Total (benefit from) provision for credit losses, net

(323

)

1,654

(155

)

(168

)

11,194

3,494

1,197

Net interest income after provision for (benefit from) credit losses

21,199

20,571

10,691

10,508

(684

)

8,106

9,617

Noninterest income (loss):

Service charges on deposit accounts

757

754

381

376

381

404

380

Earnings and gain on bank owned life insurance

586

318

330

256

230

286

156

Loan servicing fees

157

198

113

Net realized losses on sales and redemptions of investment securities

)

(12

)

Loss on asset sale

(115

)

Net unrealized gains (loss) on marketable equity securities

638

(53

)

667

145

420

Gains on sales of loans and foreclosed real estate

281

148

186

133

121

Fair value adjustment to loans held-for-sale 1

(203

)

(3,064

)

(203

)

(398

)

(3,064

)

Loss on sale of premises and equipment

(37

)

Debit card interchange fees

327

181

188

139

112

217

180

Other charges, commissions & fees

428

514

215

213

268

229

230

Total noninterest income (loss)

2,351

(321

)

1,224

1,127

1,313

1,503

(1,518

)

Noninterest expense:

Salaries and employee benefits

9,510

8,975

4,653

4,857

4,924

5,005

4,525

Building and occupancy

2,707

2,577

1,380

1,327

1,337

1,399

1,230

Data processing

1,507

1,333

774

733

698

641

667

Professional and other services

1,308

1,384

628

680

657

709

778

Advertising

155

218

155

FDIC assessments

436

229

232

204

171

Audits and exams

279

174

139

140

169

132

Amortization expense

314

157

156

157

Community service activities

Foreclosed real estate expenses

Other expenses

1,089

1,201

614

475

798

602

510

Total noninterest expense

17,354

16,494

8,662

8,692

9,150

8,937

8,061

Income (loss) before provision for income taxes

6,196

3,756

3,253

2,943

(8,521

)

672

Provision for (benefit from) income taxes

1,115

751

585

530

(2,957

)

Net income (loss)

5,081

3,005

2,668

2,413

(5,564

)

626

Voting Earnings per common share - basic

0.80

0.48

0.42

0.38

(0.89

)

0.10

Voting Earnings per common share - diluted

0.80

0.47

0.42

0.38

(0.88

)

0.10

Series A Non-Voting Earnings per common share- basic

0.80

0.48

0.42

0.38

(0.89

)

0.10

Series A Non-Voting Earnings per common share- diluted

0.80

0.47

0.42

0.38

(0.88

)

0.10

Dividends per common share (Voting and Series A Non-Voting)

0.20

0.10

1 The loss reflects a valuation adjustment “Lower-of-cost-or-market" adjustment on loans held for sale to their estimated market value based on active sale negotiations.

The above information is unaudited and preliminary, based on the Company's data available at the time of presentation.

Six Months Ended June 30,

2026

2025

FINANCIAL HIGHLIGHTS:

2026

2025

Selected Ratios:

Return on average assets

0.71

0.41

0.73

0.68

-1.54

0.17

0.01

Return on average common equity

8.17

4.83

8.56

7.78

-17.29

1.98

0.10

Return on average equity

8.17

4.83

8.56

7.78

-17.29

1.98

0.10

Return on average tangible common equity 1

8.98

5.34

9.34

8.61

-18.67

2.17

0.11

Net interest margin

3.09

3.21

3.08

3.10

3.09

3.34

3.11

Loans / deposits

75.70

74.45

75.70

73.88

75.74

73.34

74.45

Core deposits/deposits 2

81.89

78.47

81.89

82.01

79.78

78.37

78.47

Annualized noninterest expense / average assets

2.44

2.26

2.39

2.48

2.51

2.40

2.18

Commercial real estate / risk-based capital 3

187.11

183.34

187.11

189.84

190.37

174.67

183.34

Efficiency ratio 1

74.95

66.43

74.26

75.65

74.96

68.78

65.66

Other Selected Data:

Average yield on loans

5.53

5.86

5.59

5.48

5.74

6.09

5.75

Average cost of interest-bearing deposits

2.47

2.78

2.48

2.45

2.68

2.71

2.81

Average cost of total deposits, including noninterest-bearing

2.06

2.33

2.07

2.06

2.24

2.28

2.37

Deposits/branch

97,856

101,824

97,856

100,977

98,654

102,090

101,824

Pre-tax, pre-provision net income 1

5,800

8,334

3,003

2,797

3,056

4,057

4,216

Total revenue 1

23,154

24,828

11,665

11,489

12,206

12,994

12,277

Share and Per Share Data:

Cash dividends per share

0.20

0.10

Book value per common share

20.03

20.17

20.03

19.75

19.80

20.46

20.17

Tangible book value per common share 1

18.42

18.43

18.42

18.11

18.75

18.43

Basic weighted average shares outstanding - Voting

4,865

4,759

4,890

4,838

4,799

4,790

4,769

Diluted weighted average shares outstanding - Voting

4,921

4,815

4,956

4,885

4,859

4,842

4,811

Basic earnings per share - Voting 4

0.80

0.48

0.42

0.38

(0.89

)

0.10

Diluted earnings per share - Voting 4

0.80

0.47

0.42

0.38

(0.88

)

0.10

Basic and diluted weighted average shares outstanding - Series A Non-Voting

1,380

Basic earnings per share - Series A Non-Voting 4

0.80

0.48

0.42

0.38

(0.89

)

0.10

Diluted earnings per share - Series A Non-Voting 4

0.80

0.47

0.42

0.38

(0.88

)

0.10

Common shares outstanding at period end

6,279

6,168

6,279

6,256

6,186

6,175

6,168

Pathfinder Bancorp, Inc. Capital Ratios:

Company tangible common equity to tangible assets 1

7.80

7.61

7.80

8.03

7.91

7.92

7.61

Company Total Core Capital (to Risk-Weighted Assets)

15.91

15.97

15.91

16.18

15.57

15.81

15.97

Company Tier 1 Capital (to Risk-Weighted Assets)

12.25

12.31

12.25

12.43

12.29

12.17

12.31

Company Tier 1 Common Equity (to Risk-Weighted Assets)

11.76

11.81

11.76

11.92

11.78

11.68

11.81

Company Tier 1 Capital (to Assets)

8.93

8.75

8.93

8.95

8.57

8.79

8.75

Pathfinder Bank Capital Ratios:

Bank Total Core Capital (to Risk-Weighted Assets)

14.62

14.87

14.62

14.87

14.72

14.71

14.87

Bank Tier 1 Capital (to Risk-Weighted Assets)

13.36

13.62

13.36

13.59

13.45

13.62

Bank Tier 1 Common Equity (to Risk-Weighted Assets)

13.36

13.62

13.36

13.59

13.45

13.62

Bank Tier 1 Capital (to Assets)

9.64

9.68

9.64

9.79

9.41

9.72

9.68

1 Non-GAAP financial metrics. See non-GAAP reconciliation included herein for the most directly comparable GAAP measures.

2 Non-brokered deposits excluding certificates of deposit of $250,000 or more.

3 Construction and development, multifamily, and non-owner occupied CRE loans as a percentage of Pathfinder Bank total capital.

4 Basic and diluted earnings per share are calculated based upon the two-class method.

The above information is unaudited and preliminary, based on the Company's data available at the time of presentation.

Six Months Ended June 30,

2026

2025

ASSET QUALITY:

2026

2025

Total loan charge-offs

2,927

3,352

2,162

765

767

923

2,844

Total recoveries

779

415

298

481

163

253

247

Net loan charge-offs

2,148

2,937

1,864

284

604

670

2,597

Allowance for credit losses at period end

26,920

15,983

26,920

28,966

29,436

18,654

15,983

Nonperforming loans at period end

35,710

11,689

35,710

38,160

27,561

23,305

11,689

Nonperforming assets at period end

35,847

11,772

35,847

38,297

27,698

23,442

11,772

Annualized net loan charge-offs to average loans

0.48

0.64

0.83

0.13

0.27

0.30

1.14

Allowance for credit losses to period end loans

3.03

1.76

3.03

3.24

3.28

2.08

1.76

Allowance for credit losses to nonperforming loans

75.39

136.74

75.39

75.91

106.80

80.04

136.74

Nonperforming loans to period end loans

4.02

1.28

4.02

4.26

3.07

2.59

1.28

Nonperforming assets to period end assets

2.40

0.78

2.40

2.69

1.94

1.59

0.78

2026

2025

LOAN COMPOSITION:

June 30,

March 31,

December 31,

September 30,

June 30,

1-4 family first-lien residential mortgages

233,501

234,027

239,692

238,975

240,833

Residential construction

1,242

1,259

2,039

1,406

3,520

Commercial real estate

388,154

384,739

380,311

371,683

381,575

Commercial lines of credit

77,886

80,238

75,371

79,021

75,487

Other commercial and industrial

75,987

77,863

81,210

86,687

85,578

Paycheck protection program loans

Tax exempt commercial loans

2,512

6,581

6,716

6,229

6,349

Home equity and junior liens

53,219

51,442

49,783

50,106

49,339

Other consumer

57,232

60,278

62,825

65,694

68,439

Subtotal loans

889,774

896,476

898,010

899,875

911,205

Deferred loan fees

(799

)

(1,274

)

(1,340

)

(1,355

)

(1,482

)

Total loans

888,975

895,202

896,670

898,520

909,723

2026

2025

DEPOSIT COMPOSITION:

June 30,

March 31,

December 31,

September 30,

June 30,

Savings accounts

124,090

127,044

122,718

123,958

129,252

Time accounts

262,689

283,693

317,201

333,211

341,063

Time accounts in excess of $250,000

131,672

130,857

134,779

143,026

144,355

Money management accounts

8,078

8,483

9,539

9,902

MMDA accounts

303,701

315,982

285,564

298,653

278,919

Demand deposit interest-bearing

124,031

134,399

110,702

115,274

120,083

Demand deposit noninterest-bearing

213,563

206,635

196,377

196,299

191,732

Mortgage escrow funds

6,445

4,634

6,968

5,121

6,581

Total deposits

1,174,269

1,211,727

1,183,848

1,225,081

1,221,887

The above information is unaudited and preliminary, based on the Company's data available at the time of presentation.

Six Months Ended June 30,

2026

2025

SELECTED AVERAGE BALANCES:

2026

2025

Interest-earning assets:

Loans

901,047

913,658

899,975

902,143

911,347

Taxable investment securities

398,829

425,841

420,211

377,210

435,022

Tax-exempt investment securities

33,279

34,394

33,088

33,472

34,314

Federal funds sold and interest-earning deposits

18,367

11,497

15,622

21,143

10,070

Total interest-earning assets

1,351,522

1,385,390

1,368,896

1,333,968

1,390,753

Noninterest-earning assets:

Other assets

120,620

116,590

120,721

120,516

118,280

Allowance for credit losses

(29,143

)

(17,377

)

(28,853

)

(29,436

)

(17,342

)

Net unrealized losses on available-for-sale securities

(6,809

)

(10,395

)

(8,045

)

(5,559

)

(10,838

)

Total assets

1,436,190

1,474,208

1,452,719

1,419,489

1,480,853

Interest-bearing liabilities:

NOW accounts

124,217

112,720

123,208

125,250

113,994

Money management accounts

8,789

10,602

8,471

9,110

10,302

MMDA accounts

309,268

277,664

319,863

298,555

298,907

Savings and club accounts

125,968

129,752

126,652

125,276

129,736

Time deposits

429,659

494,200

418,106

441,341

489,490

Subordinated debt

30,155

30,149

30,155

30,173

Borrowings

57,686

66,165

75,195

39,982

61,803

Total interest-bearing liabilities

1,085,742

1,121,252

1,101,650

1,069,669

1,134,405

Noninterest-bearing liabilities:

Demand deposits

195,147

199,123

196,289

193,992

192,186

Other liabilities

30,928

29,497

30,050

31,817

29,037

Total liabilities

1,311,817

1,349,872

1,327,989

1,295,478

1,355,628

Shareholders' equity

124,373

124,336

124,730

124,011

125,225

Total liabilities & shareholders' equity

1,436,190

1,474,208

1,452,719

1,419,489

1,480,853

Six Months Ended June 30,

2026

2025

SELECTED AVERAGE YIELDS:

2026

2025

Interest-earning assets:

Loans

5.53

5.86

5.59

5.48

5.75

Taxable investment securities

4.84

5.08

4.77

4.93

5.10

Tax-exempt investment securities

4.22

5.04

4.45

4.00

5.42

Federal funds sold and interest-earning deposits

3.10

2.73

3.15

3.06

2.70

Total interest-earning assets

5.26

5.58

5.28

5.25

5.52

Interest-bearing liabilities:

NOW accounts

0.99

1.16

1.04

0.95

1.25

Money management accounts

0.09

0.12

MMDA accounts

2.68

3.16

2.71

2.65

3.25

Savings and club accounts

0.22

0.25

0.22

0.25

Time deposits

3.45

3.66

3.46

3.43

3.64

Subordinated debt

8.60

6.36

8.58

8.61

6.40

Borrowings

3.75

3.56

3.74

3.80

3.67

Total interest-bearing liabilities

2.71

2.92

2.73

2.68

2.95

Net interest rate spread

2.55

2.66

2.55

2.57

Net interest margin

3.09

3.21

3.08

3.10

3.11

Ratio of average interest-earning assets to average interest-bearing liabilities

124.48

123.56

124.26

124.71

122.60

The above information is unaudited and preliminary based on the Company's data available at the time of presentation.

Six Months Ended June 30,

2026

2025

NON-GAAP RECONCILIATIONS:

2026

2025

Tangible book value per common share:

Total equity

125,744

123,583

122,451

126,339

124,413

Intangible assets

(10,104

)

(10,261

)

(10,418

)

(10,574

)

(10,731

)

Tangible common equity (non-GAAP)

115,640

113,322

112,033

115,765

113,682

Common shares outstanding

6,279

6,256

6,186

6,175

6,168

Tangible book value per common share (non-GAAP)

18.42

18.11

18.75

18.43

Tangible common equity to tangible assets:

Tangible common equity (non-GAAP)

115,640

113,322

112,033

115,765

113,682

Tangible assets

1,482,399

1,411,721

1,416,218

1,461,694

1,494,388

Tangible common equity to tangible assets ratio (non-GAAP)

7.80

8.03

7.91

7.92

7.61

Return on average tangible common equity:

Average shareholders' equity

124,373

124,336

124,730

124,011

128,743

126,211

125,225

Average intangible assets

10,284

10,912

10,206

10,363

10,520

10,677

10,834

Average tangible equity (non-GAAP)

114,089

113,424

114,524

113,648

118,223

115,534

114,391

Net income (loss)

5,081

3,005

2,668

2,413

(5,564

)

626

Net income (loss), annualized

10,246

6,060

10,701

9,786

(22,075

)

2,511

124

Return on average tangible common equity (non-GAAP) 1

8.98

5.34

9.34

8.61

-18.67

2.17

0.11

Revenue, pre-tax, pre-provision net income, and efficiency ratio:

Net interest income

20,876

22,225

10,536

10,340

10,510

11,600

10,814

Total noninterest income (loss)

2,351

(321

)

1,224

1,127

1,313

1,503

(1,518

)

Net realized losses on sales and redemptions of investment securities

)

(12

)

Gains on sales of loans and foreclosed real estate

281

148

186

133

121

Fair value adjustment to loans held-for-sale 2

(203

)

(3,064

)

(203

)

(398

)

(3,064

)

Loss on asset sale

(115

)

Revenue (non-GAAP) 3

23,154

24,828

11,665

11,489

12,206

12,994

12,277

Total noninterest expense

17,354

16,494

8,662

8,692

9,150

8,937

8,061

Pre-tax, pre-provision net income (non-GAAP) 4

5,800

8,334

3,003

2,797

3,056

4,057

4,216

Efficiency ratio (non-GAAP) 5

74.95

66.43

74.26

75.65

74.96

68.78

65.66

1 Return on average tangible common equity equals annualized net income (loss) divided by average tangible equity.

2 The loss reflects a valuation adjustment “Lower-of-cost-or-market" adjustment on loans held for sale to the estimated market value based on sale negotiation terms.

3 Revenue equals net interest income plus total noninterest income, less net realized gains or losses on sales and redemptions of investment securities, sales of loans and foreclosed real estate, fair value adjustment to loans held-for-sale, and sales of assets.

4 Pre-tax, pre-provision net income equals revenue less total noninterest expense.

5 Efficiency ratio equals noninterest expense divided by revenue.

The above information is unaudited and preliminary based on the Company's data available at the time of presentation.

GRAPHIC

Filename: img82107641_0.jpg · Sequence: 3

Binary file (24437 bytes)

Download img82107641_0.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 6

v3.26.1

Document and Entity Information

Jul. 30, 2026

Cover [Abstract]

Document Type

8-K

Amendment Flag

false

Document Period End Date

Jul. 30, 2026

Entity Registrant Name

PATHFINDER BANCORP, INC.

Entity Central Index Key

0001609065

Entity Emerging Growth Company

false

Entity File Number

001-36695

Entity Incorporation State Country Code

Entity Tax Identification Number

38-3941859

Entity Address, Address Line One

214 West First Street

Entity Address City Or Town

Oswego

Entity Address State Or Province

Entity Address Postal Zip Code

13126

City Area Code

315

Local Phone Number

343-0057

Written Communications

false

Soliciting Material

false

Pre Commencement Tender Offer

false

Pre Commencement Issuer Tender Offer

false

Security12b Title

Common Stock, $0.01 par value

Trading Symbol

PBHC

Security Exchange Name

NASDAQ

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration