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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net income attributable to Pathfinder Bancorp, Inc. $ 2,416 $ 2,934
Adjustments to reconcile net income to net cash flows from operating activities:    
Provision for loan losses 1,354 1,201
Amortization of operating leases 21 0
Proceeds from sales of loans 912 216
Originations of loans held-for-sale (903) (212)
Realized (gains) losses on sales, redemptions and calls of:    
Real estate acquired through foreclosure (24) (22)
Loans (19) (2)
Available-for-sale investment securities (246) 177
Held-to-maturity investment securities 14 12
Premises and equipment 0 (8)
Marketable equity securities (61) (26)
Depreciation 1,133 869
Amortization of mortgage servicing rights (2) 3
Amortization of deferred loan costs 194 240
Amortization of deferred financing from subordinated debt 25 26
Earnings and gain on bank owned life insurance (355) (319)
Net amortization of premiums and discounts on investment securities 861 1,339
Amortization of intangible assets 12 13
Stock based compensation and ESOP expense 478 544
Net change in accrued interest receivable (245) 132
Pension plan contribution 0 (825)
Net change in other assets and liabilities 990 (309)
Net cash flows from operating activities 6,555 5,983
INVESTING ACTIVITIES    
Purchase of investment securities available-for-sale (50,479) (55,284)
Purchase of investment securities held-to-maturity (72,346) 0
Purchase of Federal Home Loan Bank stock (6,125) (6,439)
Proceeds from redemption of Federal Home Loan Bank stock 7,852 6,107
Proceeds from maturities and principal reductions of investment securities available-for-sale 24,935 33,650
Proceeds from maturities and principal reductions of investment securities held-to-maturity 11,273 5,238
Proceeds from sales, redemptions and calls of:    
Available-for-sale investment securities 86,555 33,421
Held-to-maturity investment securities 549 953
Real estate acquired through foreclosure 1,552 542
Premise and equipment 0 14
Purchase of bank owned life insurance 0 (5,000)
Proceeds from bank owned life insurance 0 228
Net change in loans (106,657) (41,111)
Purchase of premises and equipment (2,921) (2,176)
Net cash flows from investing activities (105,812) (29,857)
FINANCING ACTIVITIES    
Net change in demand deposits, NOW accounts, savings accounts, money management deposit accounts, MMDA accounts and escrow deposits 17,133 (19,633)
Net change in time deposits 49,401 43,260
Net change in brokered deposits 66,015 8,974
Net change in short-term borrowings (20,762) (28,600)
Payments on long-term borrowings (26,200) (2,000)
Proceeds from long-term borrowings 7,680 36,348
Proceeds from exercise of stock options 200 362
Cash dividends paid to common shareholders (808) (764)
Cash dividends paid to preferred shareholders (69) 0
Cash dividends paid on warrants (8) 0
Proceeds from finance lease transaction 572 0
Change in noncontrolling interest, net (9) (90)
Net cash flows from financing activities 112,714 37,857
Change in cash and cash equivalents 13,457 13,983
Cash and cash equivalents at beginning of period 26,316 21,991
Cash and cash equivalents at end of period 39,773 35,974
CASH PAID DURING THE PERIOD FOR:    
Interest 9,888 6,159
Income taxes 300 662
NON-CASH INVESTING ACTIVITY    
Real estate acquired in exchange for loans 503 320
RESTRICTED CASH    
Federal Reserve Bank Reserve Requirements included in interest earning deposits 0 4,478
Common Stock [Member]    
FINANCING ACTIVITIES    
Net proceeds from private placement 4,199 0
Preferred Stock [Member]    
FINANCING ACTIVITIES    
Net proceeds from private placement $ 15,370 $ 0