Pathfinder bancorp, inc. (PBHC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13
OPERATING ACTIVITIES
Net income attributable to Pathfinder Bancorp, Inc.

4,276

4,031

3,491

3,272

2,889

-

-

Net income attributable to Pathfinder Bancorp, Inc.

-

-

-

-

-

2,745

2,406

Adjustments to reconcile net income to net cash flows from operating activities:
Provision for loan losses

1,966

1,497

1,769

953

1,349

1,205

1,032

Deferred income (benefit) tax

-16

343

-100

-249

116

352

202

Amortization of operating leases

25

-

-

-

-

-

-

Proceeds from sales of loans

1,492

216

53

202

69

0

11,459

Originations of loans held-for-sale

1,474

212

53

197

68

0

11,016

Realized (gains) losses on sales, redemptions and calls of:
Real estate acquired through foreclosure

31

47

31

-50

-

-

-

Real estate acquired through foreclosure

-

-

-

-

1

31

27

Loans

33

3

6

10

33

3

443

Available-for-sale investment securities

256

-171

29

-

-

-

-

Available-for-sale investment securities

-

-

-

456

422

139

365

Held-to-maturity investment securities

73

-11

32

53

0

171

0

Premises and equipment

-

8

-

-

-

-

-

Marketable equity securities

81

-

-

-

-

-

-

Premise and equipment

-

-

-

-

-

-

6

Depreciation

1,520

1,180

1,035

1,019

998

805

715

Amortization of mortgage servicing rights

-3

12

-

-

-

-

-

Amortization of deferred loan costs

-272

321

-

-

-

-

-

Amortization of mortgage servicing rights

-

-

28

12

14

14

10

Amortization of deferred loan costs

-

-

322

222

170

129

111

Amortization of deferred financing from subordinated debt

34

35

-

-

-

-

-

Amortization of deferred financing from subordinated debt

-

-

34

34

0

-

-

Earnings and gain on bank owned life insurance

462

427

284

307

259

-

-

Realized gain on proceeds from bank owned life insurance

-

-

-

-

142

0

2

Earnings on bank owned life insurance

-

-

-

-

-

308

222

Net amortization of premiums and discounts on investment securities

1,269

1,656

1,678

1,211

865

665

722

Amortization of intangible assets

16

17

16

16

16

12

1

Stock based compensation and ESOP expense

630

773

712

557

354

279

243

Net change in accrued interest receivable

644

21

515

479

204

134

-2

Pension plan contribution

-

-825

-

-

-

-

-

Net change in other assets and liabilities

-237

-262

1,246

-574

-600

393

-289

Net cash flows from operating activities

8,120

8,982

6,842

-

-

-

-

Net cash flows from operating activities

-

-

-

6,371

6,311

5,027

5,111

INVESTING ACTIVITIES
Purchase of investment securities available-for-sale

75,551

55,291

132,748

-

-

-

-

Purchase of investment securities available-for-sale

-

-

-

145,264

67,634

28,651

30,036

Purchase of investment securities held-to-maturity

88,892

28,452

21,449

16,859

6,317

8,767

10,433

Purchase of Federal Home Loan Bank stock

10,201

8,679

10,213

-

-

-

-

Proceeds from redemption of Federal Home Loan Bank stock

11,304

6,597

9,608

-

-

-

-

Proceeds from maturities of interest earning time deposits

-

-

-

-

-

500

1,500

Purchase of Federal Home Loan Bank stock

-

-

-

826

-1,030

1,014

511

Proceeds from maturities and principal reductions of investment securities available-for-sale

42,433

44,577

38,262

68,506

30,420

16,895

21,831

Proceeds from maturities and principal reductions of investment securities held-to-maturity

19,101

5,842

7,080

3,659

2,903

1,109

355

Proceeds from sales, redemptions and calls of:
Available-for-sale investment securities

102,352

34,631

65,010

-

-

-

-

Available-for-sale investment securities

-

-

-

30,228

25,180

4,940

7,151

Held-to-maturity investment securities

635

953

2,635

3,000

0

1,220

0

Real estate acquired through foreclosure

1,664

744

993

279

432

924

375

Premise and equipment

-

14

-

-

-

-

18

Acquisition of insurance agency

-

-

-

-

225

0

356

Purchase of bank owned life insurance

-

5,000

-

-

-

1,780

0

Proceeds from bank owned life insurance

-

228

-

-

-

-

-

Realized gains on hedging activity

-

-

428

85

0

-

-

Proceeds from bank owned life insurance

-

-

-

-

-142

0

-2

Net change in loans

162,060

42,497

90,718

62,733

44,784

47,491

-

Purchase of premises and equipment

3,596

5,692

1,975

-

-

-

-

Net change in loans

-

-

-

-

-

-

-9,075

Purchase of premises and equipment

-

-

-

1,362

2,632

2,361

2,263

Net cash flows from investing activities

-162,811

-52,025

-133,943

-

-

-

-

Net cash flows from investing activities

-

-

-

-121,457

-61,485

-64,476

-21,442

FINANCING ACTIVITIES
Net change in demand deposits, NOW accounts, savings accounts, money management deposit accounts, MMDA accounts and escrow deposits

10,021

-43,969

92,470

57,830

80,850

-7,210

21,764

Net change in time deposits

49,708

65,525

18,329

28,594

9,936

12,638

-3,429

Net change in brokered deposits

95,104

-18,099

1,821

34,244

-16,039

-

-

Net change in short-term borrowings

-13,862

8,400

-11,347

17,147

-30,300

31,100

15,000

Payments on long-term borrowings

31,227

2,000

7,000

3,000

13,000

5,853

9,111

Proceeds from long-term borrowings

19,680

38,246

33,228

3,500

18,500

0

-

Proceeds from subordinated loans

-

-

-

-

9,836

0

-

Repayment of loan on cash surrender value of bank owned life insurance

-

-

-

536

0

-

-

Redemption of preferred stock - SBLF

-

-

-

-13,000

0

-

-

Purchase of common stock

-

-

-

1,755

0

-

-

Proceeds from exercise of stock options

218

385

155

143

9

18

45

Cash dividends paid to common shareholders

1,091

1,025

884

866

609

316

303

Net proceeds from stock offering and conversion

-

-

-

-

-

24,913

0

Cash dividends paid to preferred shareholders

139

-

-

49

130

62

83

Cash dividends paid on warrants

15

-

-

-

-

-

-

Proceeds from finance lease transaction

572

-

-

-

-

-

-

Change in noncontrolling interest, net

-3

-95

-99

8

10

56

-

Net cash flows from financing activities

148,535

47,368

126,673

-

-

-

-

Change in cash and cash equivalents

-6,156

4,325

-428

-

-

-

-

Purchase of shares by ESOP

-

-

-

-

-

1,054

0

Change in noncontrolling interest, net

-

-

-

-

-

-

-358

Net cash flows from financing activities

-

-

-

122,260

59,063

54,230

24,241

Change in cash and cash equivalents

-

-

-

7,174

3,889

-5,219

7,910

CASH PAID DURING THE PERIOD FOR:
Interest

13,436

8,925

6,179

-

-

-

-

Interest

-

-

-

3,928

2,521

2,637

3,318

Income taxes

750

662

945

970

1,237

631

967

NON-CASH INVESTING ACTIVITY
Real estate acquired in exchange for loans

548

1,420

822

390

722

560

587

RESTRICTED CASH
Federal Reserve Bank Reserve Requirements included in interest earning deposits

-

3,993

6,342

-

-

-

-

Transfer of available-for-sale securities to held-to-maturity

-

-

-

-

-

-

32,495

Common Stock [Member]
Net proceeds from private placement

4,199

-

-

-

-

-

-

Preferred Stock [Member]
Net proceeds from private placement

15,370

-

-

-

-

-

-