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Pathfinder Bancorp (PBHC) Company Profile

Updated May 14, 2020
Pathfinder Bancorp has the following business profile:
Company's Full Name:Pathfinder Bancorp, Inc.
Short Name:Pathfinder Bancorp
Trading Ticker Symbol:PBHC
Primary Exchange:NASDAQ
Headquarter City/Country:New York, NY
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Savings & Cooperative Banks, Bank
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Pathfinder Bancorp stock

Market and Trading Information for Pathfinder Bancorp

The following details were available for trading and market data about the stock of Pathfinder Bancorp as of writing:
Current Share Price:$9.48
Previous Year's Closing Price:$13.9
Percentage Price Change (YTD):-31.8%
Market Cap:$44.94 million
52-week Price Range:$9.26 - $16.25
Dividend Per Share:$0.24
EPS (TTM):0.8
Price-Earnings (Trailing):11.85
Price-Earnings (Forward):0

Company Profile and Business Description for Pathfinder Bancorp

Pathfinder Bancorp, Inc., incorporated on June 5, 2014, is a bank holding company. The Company's primary business is its investment in Pathfinder Bank (the Bank), which is owned by the Company. The Bank is a New York-chartered stock savings bank. The Bank is a member of the Federal Home Loan Bank of New York (FHLBNY) and is primarily engaged in the business of attracting deposits from the general public in the Bank's market area, and investing such deposits, together with other sources of funds, in loans secured by residential real estate, commercial real estate, small business loans and consumer loans. The Bank invests a portion of its assets in securities issued by the United States Government and its agencies and sponsored enterprises, state and municipal obligations, corporate debt securities, mutual funds and equity securities. The Bank also invests in mortgage-backed securities primarily issued or guaranteed by United States Government sponsored enterprises and collateralized mortgage obligations. The Bank's principal sources of funds are deposits, principal and interest payments on loans and investments, as well as borrowings from correspondent financial institutions.

Pathfinder Bank owns and operates a limited purpose commercial bank subsidiary, Pathfinder Commercial Bank, which serves the depository needs of municipalities and public entities in its market area. The Bank also has ownership in Whispering Oaks Development Corp., which is a New York corporation that operates or develops foreclosed real estate emerges and also owns interest in Pathfinder Risk Management Company, Inc.

Lending Activities

The Company's primary lending activity is originating one- to four-family residential real estate loans. Its loan portfolio also includes commercial real estate loans, commercial and municipal loans, home equity loans and junior liens and consumer loans. It offers adjustable-rate commercial mortgage loans, short-and medium-term mortgage loans, and floating rate commercial loans. In addition, it offers shorter-term consumer loans, home equity loans and lines of credit with adjustable interest rates and municipal loans with fixed interest rates. The Company offers one- to four-family residential real estate loans with terms of over 30 years. It generally originates both fixed- and adjustable-rate mortgage loans. It also originates one- to four-family residential real estate loans secured by non-owner occupied properties. The Company's fixed-rate one- to four-family residential real estate loans include loans that generally amortize on a monthly basis over periods between 10 to 30 years. Its adjustable-rate one- to four-family residential real estate loans generally consist of loans with initial interest rates fixed for over one, three, or five years, and annual adjustments thereafter are indexed based on changes in the one-year United States Treasury bill constant maturity rate. The Company's commercial real estate loans are secured by properties, such as multi-family residential, office, retail, warehouse and owner-occupied commercial properties.

The Company originates commercial loans, including commercial term loans and commercial lines of credit. Its commercial lines of credit are adjustable rate lines, indexed to the prime interest rate. Tax-exempt municipal and commercial loans are a small component of its commercial loan product segment. It makes municipal loans to local governments and municipalities for the purposes of either tax anticipation or for small expenditure projects, including equipment acquisitions and construction projects. It also makes tax-exempt loans to commercial borrowers based on obligations issued by a state or local authority to provide economic development, such as the state dormitory authority. Home equity loans and junior liens are made up of lines of credit secured by owner-occupied and non-owner occupied one- to four-family residences, and second and third real estate mortgage loans. Home equity loans are offered with fixed interest rates. Lines of credit are offered with adjustable rates, which are indexed to the prime rate. The Company makes loans for a range of personal and consumer purposes and consists primarily of automobile, recreational vehicles and unsecured personal loans, as well as unsecured lines of credit and loans secured by deposit accounts. Its total loans are approximately $430.58 million.

Investment Activities

The Company's securities classified as held to maturity, other than mortgage-backed securities and collateralized mortgage obligations consists primarily of state and political subdivision securities, and federal agency obligations and corporate securities. Its securities classified as available-for-sale consist primarily of corporate securities and federal agency obligations, which include Federal Farm Credit Bank notes, FHLBNY notes, the Federal National Mortgage Association (Fannie Mae) notes and Federal Home Loan Mortgage Corporation (Freddie Mac) notes. The total securities available-for-sale are approximately $98.94 million and the total securities held-to-maturity are approximately $44.29 million.

Sources of Funds

The Bank's deposits are used in lending and investment activities. It also takes advances from the FHLBNY and certificates of deposit account registry service (CDARS) as a form of brokered deposits. In addition to deposits and borrowings, it derives funds from scheduled loan payments, investment maturities, loan prepayments, retained earnings and income on interest-earning assets. It offers a range of deposits, including checking, savings, money market deposit accounts and certificates of deposit. The Bank's total deposits are approximately $490.31 million.

The Company competes with JPMorgan Chase & Co., Bank of America, M&T Bank, Key Bank National Association, First Niagara Bank, N.A., NBT Bank and Community Bank N.A.

214 W 1st St

ETFs Holding Pathfinder Bancorp Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Pathfinder Bancorp stocks in their respective portfolios. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
VXFVanguard Extended Market VIPERs ETFThe Vanguard Extended Market ETF tracks a market-cap-weighted version of the S&P Total Market Index, excluding all S&P 500 stocks. ...Full Details0.08%1901
Full List
Quarterly

See Full List of ETFs holding Pathfinder Bancorp stock in their respective portfolios.

Peer / Competitor Companies of Major Banks Sector

Along with Pathfinder Bancorp, Inc., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

▶ 1st Source (SRCE): 1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual....See Detailed Company Profile,  Dividend History

▶ ACNB (ACNB): ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Companys banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range ....See Detailed Company Profile,  Dividend History

▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile,  Dividend History

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile,  Dividend History

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile,  Dividend History

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile,  Dividend History

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile,  Dividend History

▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile,  Dividend History

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile,  Dividend History

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile,  Dividend History

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile,  Dividend History

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile,  Dividend History

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile,  Dividend History

▶ Banc of California (BANC): Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company's deposits cons....See Detailed Company Profile,  Dividend History

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile,  Dividend History

▶ Banco Bradesco Sa (BBD): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pensi....See Detailed Company Profile,  Dividend History

▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile,  Dividend History

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile,  Dividend History

▶ BancorpSouth (BXS): BancorpSouth, Inc., incorporated on February 17, 1982, is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations ....See Detailed Company Profile,  Dividend History

▶ Bank of America (BAC): Bank of America Corporation, incorporated on July 31, 1998, is a bank holding company (BHC) and a financial holding company. The Company is a financial institution, serving individual consumers, small- ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

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