ADDED
As of March 25, 2026 , there were 4,876,213 shares outstanding of the Registrant s voting common stock and 1,380,283 shares of the Registrant s Series A nonvoting common stock.
Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 7A.
(the Company ) and its subsidiaries, including, but not limited to, Pathfinder Bank (the "Bank").
Forward-looking statements are generally identified by use of the words believes, expect, intend, anticipate, estimate, project or similar expressions, or future or conditional verbs, such as will, would, should, could, or may.
In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.
While the Company believes it has identified and discussed the material risks affecting its business, there may be additional risks and uncertainties not currently known or considered immaterial that could affect the forward-looking statements made herein.
Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictions of future results.
Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law.
At December 31, 2025 and 2024, 6,185,644 and 6,125,649 shares of Company common stock (voting and non-voting) were outstanding, respectively.
At December 31, 2025, the Company had total consolidated assets of $1.43 billion, total deposits of $1.18 billion and shareholders' equity of $122.5 million.
REMOVED
As of March 24, 2025, there were 4,763,707 sha res outstanding of the Registrant s voting common stock and 1,380,283 shares of the Registrant s Series A nonvoting common stock.
Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 7A.
and its subsidiary, including statements preceded by, followed by or that include words or phrases such as believes, expects, anticipates, plans, trend, objective, continue, remain, pattern or similar expressions or future or conditional verbs such as will, would, should, could, might, can, may or similar expressions.
There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements.
Because of these and other uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements.
At December 31, 2024 and 2023, 6,125,649 and 6,099,571 shares of Company common stock (voting and non-voting) were outstanding, respectively.
At December 31, 2024, the Company had total consolidated assets of $1.47 billion, total deposits of $1.20 billion and shareholders' equity of $121.5 million.
The activities of Whispering Oaks resulted in a pre-tax gain of $11,000 in 2024.
The Company received total consideration of $2.8 million, including cash of $1.2 million upon closing and a receivable of $1.6 million to be paid in September 2025.
The Company recognized a pre-tax gain of $3.2 million and a net gain of $1.5 million in the fourth quarter of 2024, which are inclusive of the deferred payment expected in September 2025.