Pathfinder Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 31, 2022 at 04:27 pm EDT
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Pathfinder Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was USD 10.78 million compared to USD 9.79 million a year ago. Net income was USD 3.18 million compared to USD 3.37 million a year ago.
For the nine months, net interest income was USD 30.22 million compared to USD 28.57 million a year ago. Net income was USD 9.4 million compared to USD 8.53 million a year ago.
Pathfinder Bancorp, Inc. is a holding company, which operates through its subsidiary Pathfinder Bank (the Bank). The Bank is primarily engaged in the business of attracting deposits from the public, and investing such deposits, in loans secured by commercial and residential real estate, and commercial business and consumer assets other than real estate. The Company also 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 generally issued by private entities. Its loan portfolio includes municipal loans, home equity loans and lines and consumer loans. The Company operates over seven branch offices located in Oswego County, four branch offices in Onondaga County, and one limited purpose office in Oneida County.