| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Interest and dividend income: | ||||||
Loans, including fees | ||||||
34,035 | 28,426 | 24,392 | 20,703 | 18,450 | 16,928 | 16,347 |
Debt securities: | ||||||
Taxable | ||||||
6,962 | 5,159 | 3,598 | 2,327 | 2,012 | 1,815 | 1,574 |
Tax-exempt | ||||||
178 | 720 | 1,038 | 865 | 763 | 782 | 762 |
Dividends | ||||||
279 | 259 | 229 | 134 | 178 | 160 | 174 |
Interest earning time deposits | ||||||
- | - | - | - | - | 7 | 19 |
Federal funds sold and interest earning deposits | ||||||
304 | 246 | 156 | 64 | 21 | 7 | 7 |
Total interest and dividend income | ||||||
41,758 | 34,810 | 29,413 | 24,093 | 21,424 | 19,699 | 18,883 |
Interest expense: | ||||||
Interest on deposits | ||||||
10,713 | 6,812 | 3,904 | 2,441 | 1,962 | 1,956 | 2,478 |
Interest on short-term borrowings | ||||||
377 | 221 | 997 | 301 | 138 | 102 | 60 |
Interest on long-term borrowings | ||||||
1,575 | 1,165 | 595 | 270 | 257 | 395 | 726 |
Interest on subordinated loans | ||||||
863 | 846 | 794 | 792 | 300 | 161 | - |
Total interest expense | ||||||
13,528 | 9,044 | 6,290 | 3,804 | 2,657 | 2,614 | 3,264 |
Net interest income | ||||||
28,230 | 25,766 | 23,123 | 20,289 | 18,767 | 17,085 | 15,619 |
Provision for loan losses | ||||||
1,966 | 1,497 | 1,769 | 953 | 1,349 | 1,205 | 1,032 |
Net interest income after provision for loan losses | ||||||
26,264 | 24,269 | 21,354 | 19,336 | 17,418 | 15,880 | 14,587 |
Noninterest income: | ||||||
Service charges on deposit accounts | ||||||
- | - | - | 1,141 | 1,155 | 1,200 | 1,175 |
Earnings and gain on bank owned life insurance | ||||||
462 | 427 | 284 | 307 | 401 | 308 | 224 |
Loan servicing fees | ||||||
- | - | - | 138 | 233 | 271 | 146 |
Net gains (losses) on sales and redemptions of investment securities | ||||||
329 | -182 | 489 | 594 | - | - | - |
Gains (losses) on marketable equity securities | ||||||
81 | -62 | - | - | - | - | - |
Net gains on sales and redemptions of investment securities | ||||||
- | - | - | - | 422 | - | - |
Net gains on sales of loans and foreclosed real estate | ||||||
64 | 50 | 37 | -40 | 34 | 34 | 470 |
Insurance agency revenue | ||||||
844 | 840 | 803 | - | - | - | - |
Net gains on sales and redemptions of investment securities | ||||||
- | - | - | - | - | 310 | 365 |
Debit card interchange fees | ||||||
- | - | - | 557 | 530 | 496 | 469 |
Other charges, commissions & fees | ||||||
- | - | - | 1,486 | 1,397 | 1,140 | 567 |
Total noninterest income | ||||||
4,917 | 3,835 | 4,085 | 4,183 | 4,172 | 3,759 | 3,416 |
Noninterest expense: | ||||||
Salaries and employee benefits | ||||||
13,660 | 12,704 | 11,917 | 10,772 | 9,687 | 8,795 | 8,081 |
Building and occupancy | ||||||
2,674 | 2,243 | 2,196 | 1,936 | 1,921 | 1,607 | 1,476 |
Data processing | ||||||
2,339 | 1,924 | 1,779 | 1,682 | 1,609 | 1,548 | 1,444 |
Professional and other services | ||||||
1,325 | 1,360 | 952 | 834 | 859 | 623 | 659 |
Advertising | ||||||
962 | 920 | 809 | 730 | 518 | 537 | 537 |
FDIC assessments | ||||||
421 | 492 | 473 | 345 | 408 | 398 | 415 |
Audits and exams | ||||||
427 | 422 | 353 | 329 | 268 | 249 | 219 |
Insurance agency expense | ||||||
816 | 875 | 932 | - | - | - | - |
Community service activities | ||||||
620 | 541 | 415 | - | - | - | - |
Foreclosed real estate expenses | ||||||
337 | 150 | - | - | - | - | - |
Other expenses | ||||||
2,149 | 1,918 | 1,268 | 2,482 | 2,317 | 1,928 | 1,920 |
Total noninterest expenses | ||||||
25,730 | 23,549 | 21,094 | 19,110 | 17,587 | 15,685 | 14,751 |
Income before income taxes | ||||||
5,451 | 4,555 | 4,345 | 4,409 | - | - | - |
Income before income taxes | ||||||
- | - | - | - | 4,003 | 3,954 | 3,252 |
Provision for income taxes | ||||||
1,165 | 546 | 922 | 1,111 | 1,071 | 1,153 | 847 |
Net income attributable to noncontrolling interest and Pathfinder Bancorp, Inc. | ||||||
4,286 | 4,009 | 3,423 | 3,298 | 2,932 | - | - |
Net income attributable to noncontrolling interest and Pathfinder Bancorp, Inc. | ||||||
- | - | - | - | - | 2,801 | 2,405 |
Net income (loss) attributable to noncontrolling interest | ||||||
10 | -22 | -68 | 26 | 43 | 56 | -1 |
Net income attributable to Pathfinder Bancorp, Inc. | ||||||
4,276 | 4,031 | 3,491 | 3,272 | 2,889 | - | - |
Convertible preferred stock dividends | ||||||
208 | - | - | - | - | - | - |
Warrant dividends | ||||||
23 | - | - | - | - | - | - |
Undistributed earnings allocated to participating securities | ||||||
467 | - | - | - | - | - | - |
Net income attributable to Pathfinder Bancorp Inc. | ||||||
- | - | - | - | - | 2,745 | 2,406 |
Preferred stock dividends | ||||||
- | - | - | 16 | 130 | 95 | 0 |
Net income available to common shareholders | ||||||
3,578 | 4,031 | - | 3,256 | 2,759 | 2,650 | 2,406 |
Earnings per common share - basic | ||||||
0.80 | 0.97 | 0.86 | 0.79 | 0.67 | 0.64 | 0.58 |
Earnings per common share - diluted | ||||||
0.80 | 0.94 | 0.83 | 0.78 | 0.66 | 0.63 | 0.58 |
Dividends per common share | ||||||
0.24 | 0.24 | 0.21 | 0.20 | 0.16 | 0.12 | 0.12 |
Service Charges on Deposit Accounts [Member] | ||||||
Noninterest income | ||||||
1,391 | 1,148 | 1,130 | - | - | - | - |
Loan Servicing Fees [Member] | ||||||
Noninterest income | ||||||
211 | 170 | 149 | - | - | - | - |
Debit Card Interchange Fees [Member] | ||||||
Noninterest income | ||||||
657 | 576 | 484 | - | - | - | - |
Other Charges, Commissions & Fees [Member] | ||||||
Noninterest income | ||||||
878 | 868 | 709 | - | - | - | - |