Pathfinder Bancorp Inc 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedSeptember 30,2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _______ to _______ (Exact Name of Company as Specified in its Charter) 38-3941859 (I.R.S. Employer Identification No.) (Commission File No.) 214 West First StreetOswego,NY13126(315)343-0057 (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registeredThe NASDAQ Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.YES☒NO☐ Indicate by check mark whether the registrant has submitted electronically Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this Chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YES☒NO☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company.See definitions of “large accelerated filer,” “accelerated filer”, “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YES☐NO☒ As of November 11, 2025, there were4,794,225sharesoutstanding of the registrant’s Voting common stock and1,380,283sharesoutstanding of the registrant’s Series A Non-Voting common stock. PATHFINDER BANCORP, INC.INDEX PART I - FINANCIAL INFORMATIONPAGE NO. Item 1.Consolidated Financial Statements (Unaudited)Consolidated Statements of ConditionConsolidated Statements of IncomeConsolidated Statements of Comprehensive Income (Loss)Consolidated Statements of Changes in Shareholders' EquityConsolidated Statements of Cash FlowsNotes to Consolidated Financial Statements 3345689 Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations(Unaudited)47 Item 3.Quantitative and Qualitative Disclosures About Market Risk67 Item 4.Controls and Procedures67 PART II - OTHER INFORMATION Item 1.Legal Proceedings69Item 1A.Risk Factor69Item 2.Unregistered Sales of Equity Securities and Use of Proceeds69Item 3.Defaults upon Senior Securities69Item 4.Mine Safety Disclosures69Item 5.Other information69Item 6.Exhibits70 SIGNATURES70 Pathfinder Bancorp, Inc.Consolidated Statements of Changes in Shareholders' EquityThree months ended September 30, 2025 and September 30, 2024(Unaudited) Pathfinder Bancorp, Inc.Consolidated Statements of Changes in Shareholders' EquityNine months ended September 30, 2025 and September 30, 2024(Unaudited) Pathfinder Bancorp, Inc.Consolidated Statements of Cash Flows(Unaudited) Notes to Consolidated Financial Statements (Unaudited) Note 1:Basis of Presentation The accompanying unaudited consolidated financial statements of Pathfinder Bancorp, Inc., (the “Company”),Pathfinder Bank (the “Bank”) and its other wholly owned subsidiaries have been prepared in accordance withaccounting principles generally accepted in the United States of America for interim financial information, theinstructions for Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information andfootnotes necessary for a complete presentation of consolidated financial condition, results of operations and cash flowsin conformity with generally accepted accounting principles. In the opinion of management, all adjustments, consistingof normal recurring accruals considered necessary for a fair presentation, have been included.Certain amounts in the2024 consolidated financial statements may have been reclassified to conform to the current period presentation. Thesereclassifications had no effect on net income or comprehensive income as previously reported.Operating results forthe three and nine months ended September 30, 2025 are not necessarily indicative of the results that may be expectedfor the full year ending December 31, 2025 or any other interim period. The Company's consolidated financial statements ar