Form 8-K

8-K — Pathfinder Bancorp, Inc.

Accession: 0001193125-26-191606

Filed: 2026-04-29

Period: 2026-04-29

CIK: 0001609065

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — pbhc-20260429.htm (Primary)

EX-99.1 (pbhc-ex99_1.htm)

GRAPHIC (img83633696_0.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: pbhc-20260429.htm · Sequence: 1

8-K

falsePATHFINDER BANCORP, INC.000160906500016090652026-04-292026-04-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 29, 2026

(Exact name of Registrant as specified in its charter)

Commission File Number: 001-36695

Maryland

38-3941859

(State or Other Jurisdiction of Incorporation or Organization)

(I.R.S. Employer Identification Number)

214 West First Street, Oswego, NY 13126

(Address of Principal Executive Office) (Zip Code)

(315) 343-0057

(Issuer's Telephone Number including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

PBHC

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Section 2 – Financial Information

Item 2.02 – Results of Operations and Financial Condition

On April 29, 2026, Pathfinder Bancorp, Inc. issued a press release disclosing its first quarter 2026 financial results. A copy of the press release is included as Exhibit 99.1 to this report.

The information in Item 2.02 to this Form 8-K and Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth in such filing.

Item 9.01 – Financial Statements and Results

Exhibit No.

Description

99.1

Press Release dated April 29, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

PATHFINDER BANCORP, INC.

Date:

April 29, 2026

By:

/s/ James A. Dowd

James A. Dowd

President and Chief Executive Officer

EX-99.1

Filename: pbhc-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Investor/Media Contacts

James A. Dowd, President, CEO

Justin K. Bigham, Executive Vice President, CFO

Telephone: (315) 343-0057

Pathfinder Bancorp, Inc. Announces Financial Results for the

First Quarter of 2026

Pathfinder earns $0.38 per share in the first quarter of 2026 while growing core deposits and

commercial loans, expanding net interest margin from the fourth quarter of 2025, and reporting

credit performance that benefited from last year’s loan portfolio review and reserve build

OSWEGO, N.Y., April 29, 2026 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Pathfinder” or the “Company”) (NASDAQ: PBHC) announced its financial results for the first quarter ended March 31, 2026.

The holding company for Pathfinder Bank (“the Bank”) reported net income attributable to common shareholders of $2.4 million or $0.38 per diluted share in the first quarter of 2026, compared to a net loss of $5.6 million, or $0.88 per diluted share in the fourth quarter of 2025 and net income of $3.0 million or $0.47 per diluted share in the first quarter of 2025.

First Quarter 2026 Highlights and Key Developments

•

First quarter 2026 net income reflected a $168,000 provision benefit attributed to lower net charge offs and overall credit performance that resulted in a small reserve reduction for loans in the first three months of this year. Fourth quarter 2025’s net loss resulted primarily from an $11.2 million credit loss provision expense, reflecting a risk-based reserve build that increased the allowance for credit losses (“ACL”) following a forward-looking assessment of loans with unique risk characteristics identified through a comprehensive review of approximately 90% of the Bank’s commercial portfolio. First quarter 2025 provision expense was $457,000.

•

Specific reserves, including those previously established in conjunction with last year’s comprehensive commercial portfolio review, represented 63.8% of the Company’s ACL at the end of the first quarter of 2026. The ACL was $29.0 million, or 3.24% of total loans, on March 31, 2026, compared to $29.4 million, or 3.28% of loans, on December 31, 2025, and $17.4 million, or 1.91% of loans, on March 31, 2025.

•

Loans totaled $895.2 million at March 31, 2026, compared to $896.7 million at December 31, 2025, and $912.2 million on March 31, 2025. Commercial loans grew to $549.5 million or 61.4% of total loans at March 31, 2026, compared to $543.7 million at December 31, 2025, and $542.7 million at March 31, 2025.

•

Deposits totaled $1.21 billion at March 31, 2026, compared to $1.18 billion at December 31, 2025, and $1.26 billion at March 31, 2025. Core deposits grew to $993.7 million or 82.01% of total deposits at March 31, 2026, compared to $947.2 million at December 31, 2025, and $990.2 million at March 31, 2025.

•

Net interest income was $10.3 million in the first quarter of 2026, compared to $10.5 million in the fourth quarter of 2025 and $11.4 million in the first quarter of 2025. Net interest margin (“NIM”) was 3.10% in the first quarter of 2026, compared to 3.09% in the linked quarter and 3.31% in the year-ago period. Approximately $347,000 of net interest income and 10 basis points of NIM in the year-ago period reflected 2024 interest recovered from loans removed from nonaccrual status and income from prepayment fees in the first quarter of 2025.

•

Noninterest expense of $8.7 million represented 2.48% of average assets on an annualized basis in the first quarter of 2026, compared to $9.2 million or 2.51% of average assets in the fourth quarter of 2025 and $8.4 million or 2.33% of average assets in the first quarter of 2025.

•

The efficiency ratio was 75.65% in the first quarter of 2026, compared to 74.96% for the fourth quarter of 2025 and 67.19% in the first quarter of 2025(1).

•

Pre-tax, pre-provision (“PTPP”) net income was $2.8 million in the first quarter of 2026, compared to $3.1 million for the fourth quarter 2025 and $4.1 million in the first quarter of 2025(1).

•

Quarterly cash dividends payable to common stockholders of $0.10 per share were declared on March 30, 2026 and are payable on May 8, 2026.

“We’re pleased to report first quarter results that included positive earnings momentum, core-deposit and commercial-loan growth, and sequential-quarter NIM expansion, as well as lower net charge offs and overall credit performance that benefited from the comprehensive portfolio review and meaningful risk-based reserve build completed last year,” President and Chief Executive Officer James Dowd said. “We believe that the Company is appropriately reserved for potential exposures to the commercial credits with unique risk characteristics that we identified in 2025’s portfolio review.”

Dowd added, “Throughout 2026, we intend to continue strengthening Pathfinder’s relationship-based core deposit base and driving high-quality commercial loan growth, while intensifying efforts to prudently increase local residential and consumer lending within in our Central New York markets, supported by significant liquidity, a strong balance sheet, and a robust credit framework.”

(1) Non-GAAP financial metric. See “Notes on Non-GAAP Financial Measures” and non-GAAP reconciliation included herein for the most directly comparable financial measures.

Net Interest Income and Net Interest Margin

First quarter 2026 net interest income was $10.3 million, a decrease of $170,000, or 1.6%, from the fourth quarter of 2025. A decrease in total interest and dividend income of $792,000 in the first quarter of 2026, from the linked quarter, was primarily attributed to an average yield decrease of 13 basis points on all interest-earning assets. A 26 basis point decrease in average loan yields in the first quarter of 2026, from the linked quarter, is primarily driven by the transfer of three commercial relationships to nonperforming status as well as maturities and payoffs of higher yielding loans and their replacement with new originations at lower rates. A 17 basis point increase in taxable securities average yield in the first quarter of 2026, from the linked quarter, reflected a decline in average taxable investment securities balances which the Company views as temporary. In addition, average balances of loans, taxable securities and tax-exempt securities declined in the first quarter of 2026, from the linked quarter, by $2.8 million, $23.4 million and $314,000, respectively. Compared to the linked quarter, first quarter 2026 income from loan interest, taxable securities, tax-exempt securities and dividends decreased by $626,000, $82,000, $50,000, and $34,000, respectively, while income from federal funds sold remained flat. A decrease in total interest expense in the first quarter of 2026, from the linked quarter, of $622,000 was attributed to a 17 basis point decline in the average cost of total interest-bearing liabilities, including a reduction of 23 basis points in the average cost of interest-bearing deposits that was partially offset by increases of 6 basis points in the average cost of borrowings and 161 basis points in the average cost of subordinated loans. Fourth quarter 2025 average cost of subordinated loans benefited by 136 basis points, or $103,000, from a reversal of deferred expenses related to subordinated notes that reset from fixed to floating-rate interest after October 15, 2025.

First quarter 2026 NIM was 3.10%, compared to 3.09% in the linked quarter. The 1 basis point increase from the linked quarter resulted from a reduction in the cost of interest-bearing deposits and other liabilities, which more than offset lower earning asset yields.

First quarter 2026 net interest income was $10.3 million, a decrease of $1.1 million, or 9.4%, from the year-ago period. Approximately $347,000 of first quarter 2025 net interest income reflected 2024 interest recovered from loans removed from nonaccrual status and income from prepayment fees. A decrease in total interest and dividend income of $1.9 million in the first quarter of 2026, from the year-ago period, was primarily attributed to an average yield decrease of 38 basis points on all interest-earning assets. Average loan yields decreased 49 basis points from the year-ago period, reflecting in part a 15 basis point benefit recognized in the first quarter of 2025 attributable to 2024 interest recovered on loans removed from nonaccrual status and income from prepayment fees. The remaining decrease was driven by maturities and payoffs of higher-yielding loans, new originations at lower rates, and elevated nonperforming loans for which specific reserves were established as appropriate prior to the first quarter of 2026. A 14 basis point decrease in taxable securities average yield in the first quarter of 2026, from the year-ago period, reflected a decline in average taxable investment securities balances which the Company views as temporary, as well as decrease in average yield due to a declining rate environment. In addition, average balances of loans, taxable securities and tax-exempt securities declined in the first quarter of 2026, from the year-ago period, by $14.1 million, $39.3 million, and $1.0 million, respectively. Compared to the year-ago period, first quarter 2026 decreases in income from loan interest, taxable securities, tax-exempt securities, and dividends of $1.3 million, $586,000, $67,000, and $44,000, respectively, were partially offset by an increase in income from federal funds sold of $73,000. A decrease in total interest expense in the first quarter of 2026, from the year-ago period, of $868,000 was attributed to a 22 basis point decline in the average cost of total interest-bearing liabilities, including a reduction of 31 basis points in the average cost of interest-bearing deposits that was partially offset

by an increase of 34 basis points in the average cost of borrowings, as well as an increase of 230 basis points in the average cost of subordinated loans that reset from bearing fixed to floating-rate interest after October 15, 2025.

First quarter 2026 NIM was 3.10%, compared to 3.31% in the year-ago period. The decrease of 21 basis points primarily reflected lower earning asset yields that more than offset the reduction in the cost of interest-bearing deposits and other liabilities. In addition, approximately 10 basis points of NIM in the year-ago period reflected 2024 interest recovered from loans removed from nonaccrual status and income from prepayment fees in the first quarter of 2025.

Noninterest Income

First quarter 2026 noninterest income totaled $1.1 million, including a loss of $203,000 for fair value adjustments made in the period to $6.3 million in substandard loans that were transferred to held-for-sale status in the fourth quarter of 2025. Active sale negotiations remain ongoing. Fourth quarter 2025 noninterest income of $1.3 million included a loss of $398,000 that was recorded with the initial transfer of these same loans to held-for-sale status, as well as a loss of $37,000 on the sale of premises and equipment, and a reduction of $115,000 for final settlement costs associated with the insurance agency business sold in October 2024. First quarter 2025 noninterest income totaled $1.2 million.

Compared to the linked quarter, first quarter 2026 noninterest income reflected increases of $27,000 in debit card interchange fees and $26,000 in earnings and gain on BOLI, as well as a decrease of $5,000 in service charges on deposit accounts. In addition, compared to the linked quarter, first quarter 2026 noninterest income also reflected increases of $53,000 in gains on sales of loans and foreclosed real estate and $14,000 in loan servicing fees, as well as decreases of $591,000 in net unrealized gains on marketable equity securities and $2,000 in net realized losses on sales and redemptions of investment securities. Net unrealized gains on marketable equity securities, which include two limited partnership equity method investments, remains a variable contributor to noninterest income, decreasing $591,000 in the first quarter of 2026 from the linked quarter.

Compared to the year-ago period, first quarter 2026 noninterest income reflected increases of $94,000 in earnings and gains on BOLI, $138,000 in debit card interchange fees, and $2,000 in service charges on deposit accounts. In addition, compared to the year-ago period, first quarter 2026 noninterest income included increases of $121,000 in gains on sales of loans and foreclosed real estate and $3,000 in net realized losses on sales and redemptions of investment securities, as well as decreases of $142,000 in net unrealized gains on marketable equity securities and $12,000 in loan servicing fees. Net unrealized gains on marketable equity securities, which include two limited partnership equity method investments, remains a variable contributor to noninterest income, decreasing $142,000 in the first quarter of 2026 from the year-ago quarter.

Noninterest Expense

Noninterest expense totaled $8.7 million in the first quarter of 2026, compared to $9.2 million in the fourth quarter of 2025 and $8.4 million in the first quarter of 2025.

Salaries and benefits expense was $4.9 million in the first quarter of 2026, decreasing $67,000 from the linked quarter and increasing $407,000 from the year-ago period. The decrease from the linked period primarily reflected seasonally higher employee benefit expenses and a year-end pension plan expense adjustment in the fourth quarter of 2025, partially offset by general increases in salaries and seasonal payroll tax fluctuations recognized during the first quarter of 2026. The increase from the year-ago period was primarily driven by general increases in salaries and strategic changes in workforce composition since early 2025, with the addition of more senior, key personnel across the organization, as well as higher payroll taxes and stock-based compensation in the first quarter of 2026.

Building and occupancy expense was $1.3 million in the first quarter of 2026, decreasing $10,000 from the linked quarter and decreasing $20,000 from the year-ago quarter. The decreases from the linked and year-ago quarters reflected modest reductions across multiple building and occupancy expense categories, partially offset by higher utilities costs.

Data processing expense was $733,000 in the first quarter of 2026, increasing $35,000 from the linked quarter and increasing $67,000 from the year-ago period. The increases from the linked and year-ago quarters reflected higher costs primarily associated with data, ATM, and other technology maintenance costs.

Other expenses were $475,000 in the first quarter of 2026, decreasing $323,000 from the linked quarter and $216,000 from the year-ago period. The decrease from the linked quarter reflected a one-time $100,000 charitable contribution and $162,000 in fees related to the aforementioned loans held-for-sale during the fourth quarter of 2025. The year-over-year decrease reflected a heightened focus on practices and procedures as they relate to procurement, vendors, and accounts-payable, as well as a general emphasis on operating expense discipline.

Annualized noninterest expense represented 2.48% of average assets in the first quarter of 2026, compared to 2.51% and 2.33% in the linked and year-ago periods. The efficiency ratio was 75.65% in the first quarter of 2026 compared to 74.96% and 67.19% in the linked and year-ago periods, respectively(2).

Net Income

First quarter 2026 net income attributable to common shareholders was $2.4 million, or $0.38 per basic and diluted share, compared to a fourth quarter 2025 net loss attributable to common shareholders of $5.6 million, or $0.89 per basic share and $0.88 per diluted share, and first quarter 2025 net income of $3.0 million, or $0.48 per basic share and $0.47 per diluted share.

(2) Non-GAAP financial metric. See “Notes on Non-GAAP Financial Measures” and non-GAAP reconciliation included herein for the most directly comparable financial measures.

Statement of Financial Condition

As of March 31, 2026, the Company’s statement of financial condition reflects total assets of $1.42 billion, compared to $1.43 billion on December 31, 2025, and $1.50 billion on March 31, 2025.

Loans totaled $895.2 million on March 31, 2026, decreasing $1.5 million or 0.2% during the first quarter of 2026 and $16.9 million or 1.9% from one year prior. Consumer and residential loans totaled $347.0 million on March 31, 2026, decreasing $7.3 million or 2.1% during the first quarter of 2026 and $24.0 million or 6.5% from one year prior. Commercial loans totaled $549.5 million on March 31, 2026, increasing $5.8 million or 1.1% during the first quarter of 2026 and $6.7 million or 1.2% from one year prior.

Investment securities totaled $401.6 million on March 31, 2026, decreasing $11.6 million or 2.8% from the linked quarter and $42.5 million or 9.6% from the year-ago period. The decrease from December 31, 2025 was primarily due to $16.6 million of prepayments in mortgage obligation securities and $2.1 million of calls. The decrease from March 31, 2025 was primarily driven by $47.4 million in prepayments and $17.2 million in calls.

With respect to liabilities, deposits totaled $1.21 billion on March 31, 2026, increasing $27.9 million or 2.4% during the first quarter of 2026 and decreasing $52.8 million or 4.2% from one year prior. The increase from December 31, 2025 reflects growth in MMDA deposits and both interest- and non-interest-bearing demand deposits, partially offset by runoff of higher-cost time deposits. The decrease from March 31, 2025 was primarily driven by runoff of higher-cost brokered deposits and time deposits, partially offset by growth in MMDA deposits and both interest- and non-interest-bearing demand deposits.

Core deposits totaled $993.7 million on March 31, 2026, increasing $46.5 million or 4.9% during the first quarter of 2026 and increasing $3.5 million or 0.4% from one year prior.

Shareholders’ equity totaled $123.6 million on March 31, 2026, increasing $1.1 million or 0.9% during the first quarter of 2026 and decreasing $1.3 million or 1.1% from one year prior. The increase from December 31, 2025 primarily reflected a $1.8 million increase in retained earnings, a $1.3 million decrease in accumulated other comprehensive loss (“AOCL”) and a $705,000 increase in additional paid in capital.

Asset Quality

The Company’s asset quality metrics reflect ongoing efforts the Bank is undertaking as part of its commitment to continuously improve its credit risk management approach.

Nonperforming loans were $38.2 million, or 4.26% of total loans on March 31, 2026, compared to $27.6 million, or 3.07%, of total loans on December 31, 2025, and $13.2 million or 1.45% of total loans on March 31, 2025. The increase primarily reflected certain legacy loans associated with two commercial relationships that may have been less than 90 days delinquent but were identified as having unique risk characteristics through the Company’s 2025 portfolio review, and specific reserves for these exposures were established as appropriate prior to the first quarter of 2026.

Net charge-offs (“NCOs”) after recoveries declined to $284,000, or an annualized 0.13% of average loans in the first quarter of 2026, from $604,000, or 0.27%, in the linked quarter and $340,000, or 0.15% in the year-ago

period. First quarter 2026 NCOs benefited from $481,000 in recoveries in the first three months of the year, primarily attributed to one commercial loan relationship recovery of $312,500.

A credit loss provision benefit of $168,000 was recorded in the first quarter of 2026, reflecting lower net charge offs and overall credit performance that resulted in a small reserve release in the first three months of this year. Provision for credit loss expense was $11.2 million in the linked quarter, reflecting a $10.8 million increase in the Company’s ACL in the period in conjunction with December 2025’s completion of the Company’s comprehensive commercial loan portfolio review. Provision expense was $457,000 in the year-ago period.

The Company believes it is sufficiently collateralized and reserved, with an ACL of $29.0 million on March 31, 2026, compared to $29.4 million on December 31, 2025, and $17.4 million on March 31, 2025. As a percentage of total loans, ACL represented 3.24% on March 31, 2026, 3.28% on December 31, 2025, and 1.91% on March 31, 2025.

Specific reserves, including those established in conjunction with 2025’s comprehensive commercial portfolio review, represented 63.8% of the Company’s ACL at the end of the first quarter of 2026.

Liquidity

The Company has diligently ensured a strong liquidity profile as of March 31, 2026 to meet its ongoing financial obligations. The Bank’s liquidity management, as evaluated by its cash reserves and operational cash flows from loan repayments and investment securities, remains robust and is effectively managed by the institution’s leadership.

The Bank’s analysis indicates that expected cash inflows from loans and investment securities are more than sufficient to meet all projected financial obligations. Total deposits were $1.21 billion on March 31, 2026, compared to $1.18 billion on December 31, 2025, and $1.26 billion on March 31, 2026. Core deposits, as a percentage of total deposits, represented 82.01% on March 31, 2026, compared to 79.78% on December 31, 2025, and 78.31% on March 31, 2025. The Bank continues to implement strategic initiatives to enhance its core deposit franchise, including targeted marketing campaigns and customer engagement programs aimed at deepening banking relationships and enhancing deposit stability.

On March 31, 2026, Pathfinder Bancorp had an available additional funding capacity of $138.5 million with the Federal Home Loan Bank of New York and $45.0 million with the Federal Reserve Bank, which complements its liquidity reserves. Moreover, the Bank maintains additional unused credit lines totaling $15.0 million, which provide a buffer for additional funding needs. These facilities, including access to the Federal Reserve’s Discount Window, are part of a comprehensive liquidity strategy that ensures flexibility and readiness to respond to any funding requirements.

Cash Dividend Declared

On March 30, 2026, Pathfinder’s Board of Directors declared a cash dividend of $0.10 per share for holders of both voting common and non-voting common stock.

In addition, this dividend also extends to the notional shares of the Company’s warrants. Shareholders registered by April 17, 2026 will be eligible for the dividend, which is scheduled for disbursement on May 8, 2026. This distribution aligns with Pathfinder Bancorp’s philosophy of consistent and reliable delivery of shareholder value.

Evaluating the Company’s market performance, the closing stock price as of March 31, 2026 stood at $12.76 per share. This positions the annualized dividend yield at 3.13%.

About Pathfinder Bancorp, Inc.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) is the bank holding company for Pathfinder Bank, which serves Central New York customers throughout Oswego, Syracuse, and their neighboring communities. Strategically located branches, as well as diversified consumer, mortgage, and commercial loan portfolios, reflect the state-chartered Bank’s commitment to in-market relationships and local customer service. The Company also offers investment services to individuals and businesses. More information is available at pathfinderbank.com and ir.pathfinderbank.com.

Forward-Looking Statements

Certain statements contained herein are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include, but are not limited to, statements regarding expected earnings normalization, future credit costs, the adequacy of the allowance for credit losses, reduced incremental reserve pressure, potential expansion of regulatory capital ratios, dividend sustainability, liquidity capacity, funding availability, and the Company’s business strategy and outlook for 2026 and beyond.

Forward-looking statements are generally identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project” or similar expressions, or future or conditional verbs, such as “will,” “would,” “should,” “could,” or “may.” These forward-looking statements are based on current beliefs and expectations of the Company’s and the Bank’s management and are inherently subject to significant business, economic, competitive and regulatory uncertainties and contingencies, many of which are beyond the Company’s and the Bank’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.

Actual results may differ materially from those expressed or implied by the forward-looking statements as a result of numerous factors. Although it is not possible to identify all factors that may cause actual results to differ, such include, but are not limited to: risks related to the real estate and economic environment, particularly in the market areas in which the Company and the Bank operate; fiscal and monetary policies of the U.S. Government; inflation; changes in prevailing interested rates; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital requirements; the risk that actual credit losses, borrower performance, collateral values, or loan migration patterns differ from management’s forward-looking estimates or assumptions; fluctuations in the adequacy of the allowance for credit losses; decreases in deposit levels or changes in deposit mix that may necessitate increased borrowing to fund loans and investments; access to wholesale or other funding sources; operational risks including, cybersecurity, fraud, model risk and natural disasters; credit risk management; and the risk that the Company may not be successful in the implementation of its business strategy.

Additional factors that could cause actual results to differ materially are described in the Company’s Annual Report on Form 10-K and other periodic filings with the Securities and Exchange Commission (“SEC”), which are available at the SEC’s website, www.sec.gov. 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.

Notes on Non-GAAP Financial Measures

This release contains certain non-GAAP financial measures, including, but not limited to the efficiency ratio, pre-tax, pre-provision net income, tangible common equity, tangible book value per share, and return on average tangible common equity. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of a registrant’s historical or future financial performance, financial position, or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States (“GAAP”), or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable GAAP measure.

The Company believes these non-GAAP financial measures provide useful information to investors by assisting in the evaluation of the Company’s operating performance, operating efficiency, financial condition, and trends, and by facilitating comparisons with prior periods and with peer institutions. In particular, management uses these measures to assess expense control relative to revenue generation, underlying profitability excluding certain non-recurring or non-operational items, and capital strength on a basis that it believes is meaningful for internal planning and external analysis.

These non-GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP and should be considered only in conjunction with the Company’s GAAP financial results.

Pursuant to the requirements of Regulation G, the Company has provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures within this release.

PATHFINDER BANCORP, INC.

Selected Financial Information (Unaudited)

(Amounts in thousands, except per share amounts)

2026

2025

SELECTED BALANCE SHEET DATA:

March 31,

December 31,

September 30,

June 30,

March 31,

ASSETS:

Cash and due from banks

13,915

11,521

19,317

16,183

18,606

Interest-earning deposits

25,244

19,649

21,255

15,292

32,862

Total cash and cash equivalents

39,159

31,170

40,572

31,475

51,468

Available-for-sale securities, at fair value

272,971

276,815

294,457

300,951

284,051

Held-to-maturity securities, at amortized cost

122,432

130,324

142,538

157,892

155,704

Marketable equity securities, at fair value

6,207

6,034

5,352

4,881

4,401

Federal Home Loan Bank stock, at cost

2,169

2,560

3,488

5,278

2,906

Loans held-for-sale

5,700

5,900

3,161

Loans, net of deferred fees

895,202

896,670

898,520

909,723

912,150

Less: Allowance for credit losses

28,966

29,436

18,654

15,983

17,407

Loans receivable, net

866,236

867,234

879,866

893,740

894,743

Premises and equipment, net

17,882

18,008

18,760

19,047

19,233

Operating lease right-of-use assets

1,072

1,098

1,124

1,115

1,356

Finance lease right-of-use assets

15,687

15,885

16,082

16,280

16,478

Accrued interest receivable

5,832

6,328

6,498

6,889

6,748

Foreclosed real estate

137

Intangible assets, net

5,205

5,362

5,518

5,675

5,832

Goodwill

5,056

Bank owned life insurance

31,631

31,374

31,145

31,045

24,889

Other assets

24,606

23,351

21,675

22,551

22,472

Total assets

1,421,982

1,426,636

1,472,268

1,505,119

1,495,337

LIABILITIES AND SHAREHOLDERS' EQUITY:

Deposits:

Interest-bearing deposits

1,005,092

987,471

1,028,782

1,030,155

1,061,166

Noninterest-bearing deposits

206,635

196,377

196,299

191,732

203,314

Total deposits

1,211,727

1,183,848

1,225,081

1,221,887

1,264,480

Short-term borrowings

15,000

44,000

38,000

75,500

27,000

Long-term borrowings

12,374

14,074

18,702

20,977

17,628

Subordinated debt

30,155

30,258

30,206

30,156

Accrued interest payable

451

424

1,134

813

844

Operating lease liabilities

1,282

1,304

1,326

1,313

1,560

Finance lease liabilities

16,295

16,390

16,479

16,566

16,655

Other liabilities

11,115

13,990

14,949

13,444

12,118

Total liabilities

1,298,399

1,304,185

1,345,929

1,380,706

1,370,441

Shareholders' equity:

Voting common stock shares issued and outstanding

4,876,213

4,805,361

4,794,225

4,788,109

4,761,182

Voting common stock

Non-voting common stock

Additional paid in capital

55,095

54,390

53,974

53,645

53,103

Retained earnings

75,140

73,366

79,560

79,564

80,163

Accumulated other comprehensive loss

(6,715

)

(5,367

)

(7,257

)

(8,858

)

(8,432

)

Total shareholders' equity

123,583

122,451

126,339

124,413

124,896

Total liabilities and shareholders' equity

1,421,982

1,426,636

1,472,268

1,505,119

1,495,337

The above information is unaudited and preliminary, based on the Company's data available at the time of presentation.

2026

2025

SELECTED INCOME STATEMENT DATA:

Interest and dividend income:

Loans, including fees

12,357

12,983

13,799

13,106

13,672

Debt securities:

Taxable

4,599

4,681

5,307

5,522

5,185

Tax-exempt

335

385

455

465

402

Dividends

Federal funds sold and interest-earning deposits

162

131

Total interest and dividend income

17,502

18,294

19,736

19,182

19,441

Interest expense:

Interest on deposits

6,133

6,768

6,957

7,318

6,945

Interest on short-term borrowings

266

365

566

495

545

Interest on long-term borrowings

114

123

127

Interest on subordinated debt

649

528

486

483

475

Total interest expense

7,162

7,784

8,136

8,368

8,030

Net interest income

10,340

10,510

11,600

10,814

11,411

(Benefit from) provision for credit losses:

Loans

(186

)

11,385

3,341

1,173

504

Held-to-maturity securities

(86

)

Unfunded commitments

(105

)

153

(47

)

Total (benefit from) provision for credit losses, net

(168

)

11,194

3,494

1,197

457

Net interest income after provision for (benefit from) credit losses

10,508

(684

)

8,106

9,617

10,954

Noninterest income (loss):

Service charges on deposit accounts

376

381

404

380

374

Earnings and gain on bank owned life insurance

256

230

286

156

162

Loan servicing fees

113

101

Net realized losses on sales and redemptions of investment securities

)

(12

)

Loss on asset sale

(115

)

Net unrealized gains on marketable equity securities

667

145

420

218

Gains on sales of loans and foreclosed real estate

186

133

121

Fair value adjustment to loans held-for-sale 1

(203

)

(398

)

(3,064

)

Loss on sale of premises and equipment

(37

)

Debit card interchange fees

139

112

217

180

Other charges, commissions & fees

213

268

229

230

284

Total noninterest income (loss)

1,127

1,313

1,503

(1,518

)

1,197

Noninterest expense:

Salaries and employee benefits

4,857

4,924

5,005

4,525

4,450

Building and occupancy

1,327

1,337

1,399

1,230

1,347

Data processing

733

698

641

667

666

Professional and other services

680

657

709

778

606

Advertising

155

141

FDIC assessments

204

171

229

Audits and exams

140

169

132

114

Amortization expense

157

156

157

Community service activities

Foreclosed real estate expenses

Other expenses

475

798

602

510

691

Total noninterest expense

8,692

9,150

8,937

8,061

8,433

Income (loss) before provision for income taxes

2,943

(8,521

)

672

3,718

Provision for (benefit from) income taxes

530

(2,957

)

744

Net income (loss)

2,413

(5,564

)

626

2,974

Voting Earnings per common share - basic

0.38

(0.89

)

0.10

0.48

Voting Earnings per common share - diluted

0.38

(0.88

)

0.10

0.47

Series A Non-Voting Earnings per common share- basic

0.38

(0.89

)

0.10

0.48

Series A Non-Voting Earnings per common share- diluted

0.38

(0.88

)

0.10

0.47

Dividends per common share (Voting and Series A Non-Voting)

0.10

1 The loss reflects a valuation adjustment “Lower-of-cost-or-market" adjustment on loans held for sale to their estimated market value based on active sale negotiations.

The above information is unaudited and preliminary, based on the Company's data available at the time of presentation.

2026

2025

FINANCIAL HIGHLIGHTS:

Selected Ratios:

Return on average assets

0.68

-1.54

0.17

0.01

0.81

Return on average common equity

7.78

-17.29

1.98

0.10

9.64

Return on average equity

7.78

-17.29

1.98

0.10

9.64

Return on average tangible common equity 1

8.61

-18.67

2.17

0.11

10.73

Net interest margin

3.10

3.09

3.34

3.11

3.31

Loans / deposits

73.88

75.74

73.34

74.45

72.14

Core deposits/deposits 2

82.01

79.78

78.37

78.47

78.31

Annualized non-interest expense / average assets

2.48

2.51

2.40

2.18

2.33

Commercial real estate / risk-based capital 3

189.84

190.37

174.67

183.34

182.62

Efficiency ratio 1

75.65

74.96

68.78

65.66

67.19

Other Selected Data:

Average yield on loans

5.48

5.74

6.09

5.75

5.97

Average cost of interest-bearing deposits

2.45

2.68

2.71

2.81

2.76

Average cost of total deposits, including noninterest-bearing

2.06

2.24

2.28

2.37

2.29

Deposits/branch

100,977

98,654

102,090

101,824

105,373

Pre-tax, pre-provision net income 1

2,797

3,056

4,057

4,216

4,118

Total revenue 1

11,489

12,206

12,994

12,277

12,551

Share and Per Share Data:

Cash dividends per share

0.10

Book value per common share

19.75

19.80

20.46

20.17

20.33

Tangible book value per common share 1

18.11

18.75

18.43

18.56

Basic weighted average shares outstanding - Voting

4,838

4,799

4,790

4,769

4,749

Diluted weighted average shares outstanding - Voting

4,885

4,859

4,842

4,811

4,819

Basic earnings per share - Voting 4

0.38

(0.89

)

0.10

0.48

Diluted earnings per share - Voting 4

0.38

(0.88

)

0.10

0.47

Basic and diluted weighted average shares outstanding - Series A Non-Voting

1,380

Basic earnings per share - Series A Non-Voting 4

0.38

(0.89

)

0.10

0.48

Diluted earnings per share - Series A Non-Voting 4

0.38

(0.88

)

0.10

0.47

Common shares outstanding at period end

6,256

6,186

6,175

6,168

6,141

Pathfinder Bancorp, Inc. Capital Ratios:

Company tangible common equity to tangible assets 1

8.03

7.91

7.92

7.61

7.68

Company Total Core Capital (to Risk-Weighted Assets)

16.18

15.57

15.81

15.97

15.89

Company Tier 1 Capital (to Risk-Weighted Assets)

12.43

12.29

12.17

12.31

12.24

Company Tier 1 Common Equity (to Risk-Weighted Assets)

11.92

11.78

11.68

11.81

11.75

Company Tier 1 Capital (to Assets)

8.95

8.57

8.79

8.75

8.82

Pathfinder Bank Capital Ratios:

Bank Total Core Capital (to Risk-Weighted Assets)

14.87

14.72

14.71

14.87

14.86

Bank Tier 1 Capital (to Risk-Weighted Assets)

13.59

13.45

13.62

13.61

Bank Tier 1 Common Equity (to Risk-Weighted Assets)

13.59

13.45

13.62

13.61

Bank Tier 1 Capital (to Assets)

9.79

9.41

9.72

9.68

9.80

1 Non-GAAP financial metrics. See non-GAAP reconciliation included herein for the most directly comparable GAAP measures.

2 Non-brokered deposits excluding certificates of deposit of $250,000 or more.

3 Construction and development, multifamily, and non-owner occupied CRE loans as a percentage of Pathfinder Bank total capital.

4 Basic and diluted earnings per share are calculated based upon the two-class method.

The above information is unaudited and preliminary, based on the Company's data available at the time of presentation.

2026

2025

ASSET QUALITY:

Total loan charge-offs

765

767

923

2,844

508

Total recoveries

481

163

253

247

168

Net loan charge-offs

284

604

670

2,597

340

Allowance for credit losses at period end

28,966

29,436

18,654

15,983

17,407

Nonperforming loans at period end

38,160

27,561

23,305

11,689

13,232

Nonperforming assets at period end

38,297

27,698

23,442

11,772

13,232

Annualized net loan charge-offs to average loans

0.13

0.27

0.30

1.14

0.15

Allowance for credit losses to period end loans

3.24

3.28

2.08

1.76

1.91

Allowance for credit losses to nonperforming loans

75.91

106.80

80.04

136.74

131.55

Nonperforming loans to period end loans

4.26

3.07

2.59

1.28

1.45

Nonperforming assets to period end assets

2.69

1.94

1.59

0.78

0.88

2026

2025

LOAN COMPOSITION:

March 31,

December 31,

September 30,

June 30,

March 31,

1-4 family first-lien residential mortgages

234,027

239,692

238,975

240,833

243,854

Residential construction

1,259

2,039

1,406

3,520

3,162

Commercial real estate

384,739

380,311

371,683

381,575

381,479

Commercial lines of credit

80,238

75,371

79,021

75,487

65,074

Other commercial and industrial

77,863

81,210

86,687

85,578

91,644

Paycheck protection program loans

Tax exempt commercial loans

6,581

6,716

6,229

6,349

4,446

Home equity and junior liens

51,442

49,783

50,106

49,339

52,315

Other consumer

60,278

62,825

65,694

68,439

71,681

Subtotal loans

896,476

898,010

899,875

911,205

913,751

Deferred loan fees

(1,274

)

(1,340

)

(1,355

)

(1,482

)

(1,601

)

Total loans

895,202

896,670

898,520

909,723

912,150

2026

2025

DEPOSIT COMPOSITION:

March 31,

December 31,

September 30,

June 30,

March 31,

Savings accounts

127,044

122,718

123,958

129,252

129,898

Time accounts

283,693

317,201

333,211

341,063

349,673

Time accounts in excess of $250,000

130,857

134,779

143,026

144,355

149,922

Money management accounts

8,483

9,539

9,902

10,774

MMDA accounts

315,982

285,564

298,653

278,919

306,281

Demand deposit interest-bearing

134,399

110,702

115,274

120,083

109,941

Demand deposit noninterest-bearing

206,635

196,377

196,299

191,732

203,314

Mortgage escrow funds

4,634

6,968

5,121

6,581

4,677

Total deposits

1,211,727

1,183,848

1,225,081

1,221,887

1,264,480

The above information is unaudited and preliminary, based on the Company's data available at the time of presentation.

2026

2025

SELECTED AVERAGE BALANCES:

Interest-earning assets:

Loans

902,143

904,977

916,207

Taxable investment securities

377,210

400,605

416,558

Tax-exempt investment securities

33,472

33,786

34,475

Fed funds sold and interest-earning deposits

21,143

19,963

12,939

Total interest-earning assets

1,333,968

1,359,331

1,380,179

Noninterest-earning assets:

Other assets

120,516

113,425

114,882

Allowance for credit losses

(29,436

)

(18,764

)

(17,413

)

Net unrealized losses on available-for-sale securities

(5,559

)

(6,723

)

(9,947

)

Total assets

1,419,489

1,447,269

1,467,701

Interest-bearing liabilities:

NOW accounts

125,250

116,184

111,643

Money management accounts

9,110

9,636

10,906

MMDA accounts

298,555

298,510

256,186

Savings and club accounts

125,276

122,533

129,769

Time deposits

441,341

465,032

498,963

Subordinated loans

30,155

30,192

30,123

Borrowings

39,982

52,125

70,575

Total interest-bearing liabilities

1,069,669

1,094,212

1,108,165

Noninterest-bearing liabilities:

Demand deposits

193,992

194,277

206,137

Other liabilities

31,817

30,037

29,961

Total liabilities

1,295,478

1,318,526

1,344,263

Shareholders' equity

124,011

128,743

123,438

Total liabilities & shareholders' equity

1,419,489

1,447,269

1,467,701

2026

2025

SELECTED AVERAGE YIELDS:

Interest-earning assets:

Loans

5.48

5.74

5.97

Taxable investment securities

4.93

4.76

5.07

Tax-exempt investment securities

4.00

4.56

4.66

Fed funds sold and interest-earning deposits

3.06

3.25

2.75

Total interest-earning assets

5.25

5.38

5.63

Interest-bearing liabilities:

NOW accounts

0.95

1.08

1.07

Money management accounts

0.09

0.17

0.11

MMDA accounts

2.65

2.99

3.06

Savings and club accounts

0.22

0.24

0.25

Time deposits

3.43

3.57

3.69

Subordinated loans

8.61

7.00

6.31

Borrowings

3.80

3.74

3.46

Total interest-bearing liabilities

2.68

2.85

2.90

Net interest rate spread

2.57

2.53

2.73

Net interest margin

3.10

3.09

3.31

Ratio of average interest-earning assets to average interest-bearing liabilities

124.71

124.23

124.55

The above information is unaudited and preliminary based on the Company's data available at the time of presentation.

2026

2025

NON-GAAP RECONCILIATIONS:

Tangible book value per common share:

Total equity

123,583

122,451

126,339

124,413

124,896

Intangible assets

(10,261

)

(10,418

)

(10,574

)

(10,731

)

(10,888

)

Tangible common equity (non-GAAP)

113,322

112,033

115,765

113,682

114,008

Common shares outstanding

6,256

6,186

6,175

6,168

6,144

Tangible book value per common share (non-GAAP)

18.11

18.75

18.43

18.56

Tangible common equity to tangible assets:

Tangible common equity (non-GAAP)

113,322

112,033

115,765

113,682

114,008

Tangible assets

1,411,721

1,416,218

1,461,694

1,494,388

1,484,449

Tangible common equity to tangible assets ratio (non-GAAP)

8.03

7.91

7.92

7.61

7.68

Return on average tangible common equity:

Average shareholders' equity

124,011

128,743

126,211

125,225

123,438

Average intangible assets

10,363

10,520

10,677

10,834

10,991

Average tangible equity (non-GAAP)

113,648

118,223

115,534

114,391

112,447

Net income (loss)

2,413

(5,564

)

626

2,974

Net income (loss), annualized

9,786

(22,075

)

2,511

124

12,061

Return on average tangible common equity (non-GAAP) 1

8.61

-18.67

2.17

0.11

10.73

Revenue, pre-tax, pre-provision net income, and efficiency ratio:

Net interest income

10,340

10,510

11,600

10,814

11,411

Total noninterest income (loss)

1,127

1,313

1,503

(1,518

)

1,197

Net realized losses on sales and redemptions of investment securities

)

(12

)

Gains on sales of loans and foreclosed real estate

186

133

121

Fair value adjustment to loans held-for-sale 2

(203

)

(398

)

(3,064

)

Loss on asset sale

(115

)

Revenue (non-GAAP) 3

11,489

12,206

12,994

12,277

12,551

Total non-interest expense

8,692

9,150

8,937

8,061

8,433

Pre-tax, pre-provision net income (non-GAAP) 4

2,797

3,056

4,057

4,216

4,118

Efficiency ratio (non-GAAP) 5

75.65

74.96

68.78

65.66

67.19

1 Return on average tangible common equity equals annualized net income (loss) divided by average tangible equity.

2 The loss reflects a valuation adjustment “Lower-of-cost-or-market" adjustment on loans held for sale to the estimated market value based on sale negotiation terms.

3 Revenue equals net interest income plus total noninterest income, less net realized gains or losses on sales and redemptions of investment securities, sales of loans and foreclosed real estate, fair value adjustment to loans held-for-sale, and sales of assets.

4 Pre-tax, pre-provision net income equals revenue less total non-interest expense.

5 Efficiency ratio equals noninterest expense divided by revenue.

The above information is unaudited and preliminary based on the Company's data available at the time of presentation.

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v3.26.1

Document and Entity Information

Apr. 29, 2026

Cover [Abstract]

Document Type

8-K

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false

Document Period End Date

Apr. 29, 2026

Entity Registrant Name

PATHFINDER BANCORP, INC.

Entity Central Index Key

0001609065

Entity Emerging Growth Company

false

Entity File Number

001-36695

Entity Incorporation State Country Code

Entity Tax Identification Number

38-3941859

Entity Address, Address Line One

214 West First Street

Entity Address City Or Town

Oswego

Entity Address State Or Province

Entity Address Postal Zip Code

13126

City Area Code

315

Local Phone Number

343-0057

Written Communications

false

Soliciting Material

false

Pre Commencement Tender Offer

false

Pre Commencement Issuer Tender Offer

false

Security12b Title

Common Stock, $0.01 par value

Trading Symbol

PBHC

Security Exchange Name

NASDAQ

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

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Balance Type:

Period Type:

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

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Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

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Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

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Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

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Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

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Data Type:

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Balance Type:

Period Type:

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- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

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Data Type:

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Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

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Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

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- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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