Pathfinder Bancorp Inc (MARYLAND)
ir.pathfinderbank.comWhat Do They Do?
Takes deposits, makes commercial and residential loans, and invests in debt securities for individuals and families, businesses, and municipalities.
10-K for FY2025, filed Mar 30, 2026
How Do They Make Money?
The Bank earns interest from loans and securities as principal and interest payments come in, using deposits and borrowings to fund them; it pays interest on deposits and borrowings. It also earns fees from deposit transactions and monthly account maintenance, card activity, loan servicing and other services.
10-K for FY2025, filed Mar 30, 2026The Bank is primarily engaged in the business of attracting deposits from the general public in the Bank's market area, and investing such…View ↗
For the year ended (In thousands) December 31, 2025 December 31, 2024 Service charges on deposit accounts Insufficient funds fees $ 874 $…View ↗
Service charges on deposit accounts – Revenue is earned through insufficient funds fees, customer initiated activities or passage of time…View ↗
$76.7M
-
10-K for FY2025, filed Mar 30, 2026
$76.7M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Service Charges on Deposit Accounts
|
45%
FY2022: 27%
|
Service Charges on Deposit Accounts, FY2025
$1.5M Sources
|
|
Loan Servicing Fees
|
11%
FY2022: 8.8%
|
Loan Servicing Fees, FY2025
$386K Sources
|
|
Debit Card Interchange Fees
|
15%
FY2022: 21%
|
Debit Card Interchange Fees, FY2025
$510K Sources
|
|
Other Charges, Commissions & Fees
|
29%
FY2022: 43%
|
Other Charges, Commissions & Fees, FY2025
$1M Sources
|
Who Are Their Customers?
The Bank provides financial services to individuals, families, small to mid-size businesses and municipalities through branches in Oswego and Onondaga Counties, plus a limited-purpose office in Oneida County.
10-K for FY2025, filed Mar 30, 2026We provide financial services to individuals, families, small to mid-size businesses and municipalities through our seven branch offices…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $1.9M in FY2025, but brought in more cash than it spent: $10.4M of free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 13, 2026
Open tableView ↗
Growing. Revenue grew 67% in 4 years, from $45.8M in FY2021 to $76.7M in FY2025, about 14% a year.
Insurance brokerage interest sold
Earlier, the Bank owned a controlling interest in the FitzGibbons insurance brokerage; the latest report says it sold its majority membership interest, and its related subsidiary is inactive.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 30, 2026Additionally, the Bank owns 100% of Pathfinder Risk Management Company, Inc., ("PRMC") which was established to record the 51% controlling…View ↗
Additionally, the Bank owns 100% of Pathfinder Risk Management Company, Inc., ("PRMC") which was established to record the 51% controlling…View ↗
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