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Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 2,000	$ 1,982	$ 4,120	$ 4,581

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Foreclosed Real Estate

6 Months Ended

Jun. 30, 2024

Real Estate Owned, Disclosure of Detailed Components [Abstract]

Foreclosed Real Estate

Note 8: Foreclosed Real Estate

The Company is required to disclose the carrying amount of foreclosed real estate properties held as a result of obtaining physical possession of the property at each reporting period.


(In thousands)	Number of properties		June 30, 2024		Number of properties		December 31, 2023
Foreclosed real estate		2	$	60		4	$	151

At June 30, 2024 and December 31, 2023, the Company reported $1.8 million and $1.3 million, respectively, in real estate loans in the process of foreclosure.

Allowance for Credit Losses - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for credit losses		$ 1,000,000		$ 1,800,000
Provisions (credits)	$ 290,000		$ 1,100,000
Reversed	60,000,000		60,000,000
CECL ACL	17,835,000		17,835,000		$ 17,612,000	$ 16,916,000
PCL Charges	$ 74,000,000		$ 74,000,000

Earnings per Common Share - Calculations of Basic and Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Net Income (Loss)	$ 2,000	$ 1,982	$ 4,120	$ 4,581
Voting Common Stock dividends	$ 0.1	$ 0.09	$ 0.2	$ 0.18
Warrant dividends	$ 13	$ 11	$ 25	$ 23
Series A Nonvoting Common Stock [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Voting Common Stock dividends	$ 138	$ 124	$ 276	$ 248
Warrant dividends	$ 13	$ 11	$ 25	$ 23
Undistributed earnings allocated to participating securities	1,072	1,107	2,237	2,693
Net income available to common shareholders- Voting	$ 444	$ 445	$ 915	$ 1,031
Basic weighted average common shares outstanding- Voting	1,380	1,380	1,380	1,380
Diluted weighted average common shares outstanding- Voting	1,380	1,380	1,380	1,380
Voting Earnings per common share- basic	$ 0.32	$ 0.32	$ 0.66	$ 0.75
Voting Earnings per common share - diluted	0.32	0.32	0.66	0.75
Voting Common Stock [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Voting Common Stock dividends	$ 471	$ 419	$ 943	$ 834
Undistributed earnings allocated to participating securities	$ 334	$ 350	$ 697	$ 854
Net income available to common shareholders- Voting	$ 1,515	$ 1,497	$ 3,122	$ 3,456
Basic weighted average common shares outstanding- Voting	4,708	4,639	4,704	4,624
Diluted weighted average common shares outstanding- Voting	4,708	4,639	4,704	4,624
Voting Earnings per common share- basic	$ 0.32	$ 0.32	$ 0.66	$ 0.75
Voting Earnings per common share - diluted	$ 0.32	$ 0.32	$ 0.66	$ 0.75

Consolidated Statements of Condition (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS:
Cash and due from banks	$ 12,022	$ 12,338
Interest-earning deposits	19,797	36,394
Total cash and cash equivalents	31,819	48,732
Available-for-sale securities, at fair value	274,977	258,716
Held-to-maturity securities, at amortized cost (fair value of $156,280 and $168,034, respectively)	166,271	179,286
Marketable equity securities, at fair value	3,793	3,206
Federal Home Loan Bank stock, at cost	8,702	8,748
Loans	888,263	897,207
Less: Allowance for credit losses	16,892	15,975
Loans receivable, net	871,371	881,232
Premises and equipment, net	18,878	18,441
Assets held-for-sale	3,042	3,042
Operating lease right-of-use assets	1,459	1,526
Finance lease right-of-use assets	4,004	4,073
Accrued interest receivable	7,076	7,286
Foreclosed real estate	60	151
Intangible assets, net	76	85
Goodwill	4,536	4,536
Bank owned life insurance	24,967	24,641
Other assets	25,180	22,097
Total assets	1,446,211	1,465,798
Deposits:
Interest-bearing	932,132	949,898
Noninterest-bearing	169,145	170,169
Total deposits	1,101,277	1,120,067
Short-term borrowings	127,577	125,680
Long-term borrowings	45,869	49,919
Subordinated debt	30,008	29,914
Accrued interest payable	2,092	2,245
Operating lease liabilities	1,652	1,711
Finance lease liabilities	4,359	4,381
Other liabilities	9,203	11,625
Total liabilities	1,322,037	1,345,542
Shareholders' equity:
Additional paid in capital	53,182	53,114
Retained earnings	78,936	76,060
Accumulated other comprehensive loss	(8,786)	(9,605)
Unearned ESOP shares	(45)	(135)
Total Pathfinder Bancorp, Inc. shareholders' equity	123,348	119,495
Noncontrolling interest	826	761
Total equity	124,174	120,256
Total liabilities and shareholders' equity	1,446,211	1,465,798
Voting Common Stock [Member]
Shareholders' equity:
Common stock	47	47
Non-Voting Common Stock [Member]
Shareholders' equity:
Common stock	$ 14	$ 14

Interest Rate Derivatives - Schedule of Cash Flow Hedges (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Total loss in comprehensive income	$ 0	$ 45
Derivative, Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax	Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax
Cash Flow Hedging
Derivative [Line Items]
Total loss in comprehensive income	$ 0	$ 45

Allowance for Credit Losses - Schedule of Allowance for Loan Losses on Basis of Calculation Methodology (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Residential 1-4 Family First Mortgages [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Total	$ 1,536	$ 1,608
Residential Construction Mortgage [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Total	815	858
Real Estate [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Total	6,663	5,751
Lines of Credit [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Total	1,221	1,674
Other Commercial and Industrial [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Total	3,821	3,281
Tax Exempt Loans [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Total	2	1
Home Equity and Junior Liens [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Total	625	657
Other Consumer [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Total	2,209	2,145
Unallocated [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Total		15,975
Residential Mortgage Loans [Member] \| Residential 1-4 Family First Mortgages [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Specifically reserved	137	137
Historical loss rate	1,473	1,537
Qualitative factors	(74)	(66)
Residential Mortgage Loans [Member] \| Residential Construction Mortgage [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Specifically reserved	0	0
Historical loss rate	815	674
Qualitative factors	0	184
Commercial Loans [Member] \| Real Estate [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Specifically reserved	1,511	969
Historical loss rate	2,615	2,645
Qualitative factors	2,537	2,137
Commercial Loans [Member] \| Lines of Credit [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Specifically reserved	662	844
Historical loss rate	129	209
Qualitative factors	430	621
Commercial Loans [Member] \| Other Commercial and Industrial [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Specifically reserved	2,044	1,617
Historical loss rate	1,115	1,026
Qualitative factors	662	638
Commercial Loans [Member] \| Tax Exempt Loans [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Specifically reserved	0	0
Historical loss rate	2	1
Qualitative factors	0	0
Consumer Loans [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Specifically reserved	6,664
Historical loss rate	6,641
Qualitative factors	3,587
Total	16,892
Consumer Loans [Member] \| Home Equity and Junior Liens [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Specifically reserved	423	458
Historical loss rate	192	190
Qualitative factors	10	9
Consumer Loans [Member] \| Other Consumer [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Specifically reserved	1,887	1,817
Historical loss rate	300	307
Qualitative factors	$ 22	21
Consumer Loans [Member] \| Unallocated [Member]
Allowance For Loan Losses On Basis Of Calculation Methodology Abstract
Specifically reserved		5,842
Historical loss rate		6,589
Qualitative factors		$ 3,544

Fair Value Measurements

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 10: Fair Value Measurements

Accounting guidance related to fair value measurements and disclosures specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs have created the following fair value hierarchy:

Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

Level 2 – Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets.

Level 3 – Model-derived valuations in which one or more significant inputs or significant value drivers are unobservable.

An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs, minimize the use of unobservable inputs, to the extent possible, and considers counterparty credit risk in its assessment of fair value.

The Company used the following methods and significant assumptions to estimate fair value:

Investment securities: The fair values of available-for-sale and marketable equity securities are obtained from an independent third party and are based on quoted prices on nationally recognized securities exchanges where available (Level 1). If quoted prices are not available, fair values are measured by utilizing matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). Management made no adjustment to the fair value quotes that were received from the independent third party pricing service. Level 3 securities are assets whose fair value cannot be determined by using observable measures, such as market prices or pricing models. Level 3 assets are typically very illiquid, and fair values can only be calculated using estimates or risk-adjusted value ranges. Management applies known factors, such as currently applicable discount rates, to the valuation of those investments in order to determine fair value at the reporting date.

The Company holds two corporate investment securities with an amortized historical cost of $4.1 million and an aggregate fair market value of $4.3 million as of June 30, 2024. These securities have an aggregate valuation that is determined using published net asset values (NAV) derived by an analysis of the securities’ underlying assets. These securities are comprised primarily of broadly-diversified real estate holdings and are traded in secondary markets on an infrequent basis. While these securities are redeemable at least annually through tender offers made by respective issuers, the liquidation value of these securities may be below stated NAVs and also subject to restrictions as to the amount that can be redeemed at any single scheduled redemption. The Company anticipates that these securities will be redeemed by respective issuers on indeterminate future dates as a consequence of the ultimate liquidation strategies employed by the managers of these portfolios.

The Company also holds two limited partnership investments managed by an unrelated third party with an aggregate fair market value of $3.8 million. The investments are funds comprised of marketable equity securities, primarily issued by community banks and financial technology companies. These investments are recorded at fair value at the end of each reporting period using Level 1 valuation techniques. Unrealized changes in the fair value of these investments are recorded as components of periodic net income in the period in which the changes occur.

Interest rate derivatives: The fair value of the interest rate derivatives, characterized as either fair value or cash flow hedges, are calculated based on a discounted cash flow model. All future floating rate cash flows are projected and both floating rate and fixed rate cash flows are discounted to the valuation date. The benchmark interest rate curve utilized for projecting cash flows and applying appropriate discount rates is built by obtaining publicly available third party market quotes for various swap maturity terms.

Individually evaluated loans: Specifically-identified loans are those loans in which the Company has measured impairment based on the fair value of the loan’s collateral or the discounted value of expected future cash flows. Fair value is generally determined based upon market value evaluations by third parties of the properties and/or estimates by management of working capital collateral or discounted cash flows based upon expected proceeds. These appraisals may include up to three approaches to value: the sales comparison approach, the income approach (for income-producing property), and the cost approach. Management modifies the appraised values, if needed, to take into account recent developments in the market or other factors, such as, changes in absorption rates or market conditions from the time of valuation and anticipated sales values considering management’s plans for disposition. Such modifications to the appraised values could result in lower valuations of such collateral. Estimated costs to sell are based on current amounts of disposal costs for similar assets. These measurements are classified as Level 3 within the valuation hierarchy. Specifically-identified loans are subject to nonrecurring fair value adjustment upon initial recognition or subsequent impairment. A portion of the allowance for credit losses is allocated to specifically-identified loans if the value of such loans is deemed to be less than the unpaid balance.

The following tables summarize assets measured at fair value on a recurring basis as of the indicated dates, segregated by the level of valuation inputs within the hierarchy utilized to measure fair value:


	June 30, 2024
							Total Fair
(In thousands)	Level 1		Level 2		Level 3		Value
Available-for-Sale Portfolio
Debt investment securities:
US Treasury, agencies and GSEs	$	-	$	84,809	$	-	$	84,809
State and political subdivisions		-		28,576		-		28,576
Corporate		-		6,599		-		6,599
Asset backed securities		-		17,890		-		17,890
Residential mortgage-backed - US agency		-		31,984		-		31,984
Collateralized mortgage obligations - US agency		-		14,650		-		14,650
Collateralized mortgage obligations - Private label		-		85,971		-		85,971
Total				270,479				270,479
Equity investment securities:
Common stock - financial services industry		206		-		-		206
Other Securities:
Corporate issuances measured at NAV		-		-		-		4,292
Total available-for-sale securities	$	206	$	270,479	$	-	$	274,977

Marketable equity securities measured at NAV	$	-	$	-	$	-	$	3,793

Interest rate swap derivative fair value hedges (unrealized gain carried as receivable from derivative counterparties)	$	-	$	7,138	$	-	$	7,138


	December 31, 2023
							Total Fair
(In thousands)	Level 1		Level 2		Level 3		Value
Available-for-Sale Portfolio
Debt investment securities:
US Treasury, agencies and GSEs	$	-	$	80,083	$	-	$	80,083
State and political subdivisions		-		32,924		-		32,924
Corporate		-		6,576		-		6,576
Asset backed securities		-		19,892		-		19,892
Residential mortgage-backed - US agency		-		24,418		-		24,418
Collateralized mortgage obligations - US agency		-		12,179		-		12,179
Collateralized mortgage obligations - Private label		-		78,095		-		78,095
Total		-		254,167		-		254,167
Equity investment securities:
Common stock - financial services industry		206		-		-		206
Other Securities:
Corporate issuances measured at NAV		-		-		-		4,343
Total available-for-sale securities	$	206	$	254,167	$	-	$	258,716

Marketable equity securities measured at NAV	$	-	$	-	$	-	$	3,206

Interest rate swap derivative fair value hedges (unrealized gain carried as receivable from derivative counterparties)	$	-	$	5,160	$	-	$	5,160

Interest rate swap derivative cash flow hedges (unrealized gain carried as receivable from derivative counterparties)	$	-	$	45	$	-	$	45

Pathfinder Bank had the following assets measured at fair value on a nonrecurring basis as of June 30, 2024 and December 31, 2023:


			June 30, 2024
							Total Fair
(In thousands)	Level 1		Level 2		Level 3		Value
Individually evaluated loans	$	-	$	-	$	10,991	$	10,991
Foreclosed real estate	$	-	$	-	$	60	$	60


			December 31, 2023
							Total Fair
(In thousands)	Level 1		Level 2		Level 3		Value
Individually evaluated loans	$	-	$	-	$	9,722	$	9,722
Foreclosed real estate	$	-	$	-	$	151	$	151

The following tables presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Level 3 inputs were used to determine fair value at the indicated dates.


		Quantitative Information about Level 3 Fair Value Measurements
	Valuation	Unobservable	Range
	Techniques	Input	(Weighted Avg.)
At June 30, 2024
Individually evaluated loans	Appraisal of collateral	Discounted Cash Flow	12% - 50% (26%)
Foreclosed real estate	Appraisal of collateral	Costs to Sell	21% - 24% (22%)


		Quantitative Information about Level 3 Fair Value Measurements
	Valuation	Unobservable	Range
	Techniques	Input	(Weighted Avg.)
At December 31, 2023
Individually evaluated loans	Appraisal of collateral	Discounted Cash Flow	10% - 75% (21%)
Foreclosed real estate	Appraisal of collateral	Costs to Sell	21% - 24% (22%)

There have been no transfers of assets into or out of any fair value measurement level during the three or six months ended June 30, 2024 or 2023.

Required disclosures include fair value information of financial instruments, whether or not recognized in the consolidated statements of condition, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instrument.

The Company has various processes and controls in place to ensure that fair value is reasonably estimated. The Company performs due diligence procedures over third-party pricing service providers in order to support their use in the valuation process.

While the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date.

Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective period-ends, and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the

estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period-end.

Under FASB ASC Topic 820 for Fair Value Measurements and Disclosures, the financial assets and liabilities were valued at a price that represents the Company’s exit price or the price at which these instruments would be sold or transferred.

The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The Company, in estimating its fair value disclosures for financial instruments, used the following methods and assumptions:

Cash and cash equivalents – The carrying amounts of these assets approximate their fair value and are classified as Level 1.

Federal Home Loan Bank stock – The carrying amount of these assets approximates their fair value and are classified as Level 2.

Net loans – For variable-rate loans that re-price frequently, fair value is based on carrying amounts. The fair value of other loans (for example, fixed-rate commercial real estate loans, mortgage loans, and commercial and industrial loans) is estimated using discounted cash flow analysis, based on interest rates currently being offered in the market for loans with similar terms to borrowers of similar credit quality. Loan value estimates include judgments based on expected prepayment rates. The measurement of the fair value of loans, including individually evaluated loans, is classified within Level 3 of the fair value hierarchy.

Accrued interest receivable and payable – The carrying amount of these assets approximates their fair value and are classified as Level 1.

Deposits – The fair values disclosed for demand deposits (e.g., interest-bearing and noninterest-bearing checking, passbook savings and certain types of money management accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts) and are classified within Level 1 of the fair value hierarchy. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates of deposits to a schedule of aggregated expected monthly maturities on time deposits. Measurements of the fair value of time deposits are classified within Level 2 of the fair value hierarchy.

Borrowings – Fixed/variable term “bullet” structures are valued using a replacement cost of funds approach. These borrowings are discounted to the FHLBNY advance curve. Option structured borrowings’ fair values are determined by the FHLB for borrowings that include a call or conversion option. If market pricing is not available from this source, current market indications from the FHLBNY are obtained and the borrowings are discounted to the FHLBNY advance curve less an appropriate spread to adjust for the option. These measurements are classified as Level 2 within the fair value hierarchy.

Subordinated debt – The Company secures quotes from its pricing service based on a discounted cash flow methodology or utilizes observations of recent highly-similar transactions which result in a Level 2 classification.

The carrying amounts and fair values of the Company’s financial instruments as of the indicated dates are presented in the following table:


		June 30, 2024				December 31, 2023
	Fair Value	Carrying		Estimated		Carrying		Estimated
(In thousands)	Hierarchy	Amounts		Fair Values		Amounts		Fair Values
Financial assets:
Cash and cash equivalents	1	$	31,819	$	31,819	$	48,732	$	48,732
Investment securities - available-for-sale	2		270,479		270,479		254,167		254,167
Investment securities - available-for-sale	NAV		4,292		4,292		4,343		4,343
Investment securities - marketable equity	NAV		3,793		3,793		3,206		3,206
Investment securities - held-to-maturity	2		166,271		156,280		179,286		168,034
Federal Home Loan Bank stock	2		8,702		8,702		8,748		8,748
Net loans	3		871,371		817,057		881,232		823,052
Accrued interest receivable	1		7,076		7,076		7,286		7,286
Interest rate derivative cash flow hedge receivable/(payable)	2		-		-		45		45
Interest rate derivative fair value hedges receivable - AFS investments	2		3,565		3,565		3,113		3,113
Interest rate derivative fair value hedges receivable - loans	2		3,573		3,573		2,047		1,477

Financial liabilities:
Demand Deposits, Savings, NOW and MMDA	1	$	575,993	$	575,993	$	607,301	$	607,301
Time Deposits	2		525,284		524,705		512,766		517,514
Borrowings	2		173,446		172,381		175,599		174,071
Subordinated debt	2		30,008		28,276		29,914		28,026
Accrued interest payable	1		2,092		2,092		2,245		2,245

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Leases - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
Leases - Additional Information (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Lessee Lease Description [Line Items]
Operating lease, option to extend lease term, description			Our leases have remaining lease terms that vary from 2 years up to 29 years, some of which include options to extend the leases for various renewal periods.
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
ASU 2016-02 [Member]
Lessee Lease Description [Line Items]
Lease rental income	$ 53,000	$ 48,000	$ 108,000	$ 96,000
Minimum [Member]
Lessee Lease Description [Line Items]
Operating leases remaining lease term			2 years
Maximum [Member]
Lessee Lease Description [Line Items]
Operating leases remaining lease term			29 years

Fair Value Measurements - Fair Value of Assets on Recurring Basis Segregated by Level of Valuation Inputs (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt investment securities:
Investment securities - available-for-sale	$ 274,977	$ 258,716
Equity investment securities:
Common stock, equity securities	206	206
Other Securities:
Private equity securities	206	206
Mutual funds Common Stock Financial Services Industry [Member]
Equity investment securities:
Common stock, equity securities	206	206
Other Securities:
Private equity securities	206	206
Level 1 [Member] \| Total Fair Value [Member]
Other Securities:
Private equity securities	3,793	3,206
Level 2 [Member] \| Total Fair Value [Member]
Debt investment securities:
Investment securities - available-for-sale	270,479	254,167
Net Asset Value [Member] \| Total Fair Value [Member]
Debt investment securities:
Investment securities - available-for-sale	4,292	4,343
Recurring Basis [Member] \| Total Fair Value [Member]
Debt investment securities:
US Treasury, agencies and GSEs	84,809	80,083
State and political subdivisions	28,576	32,924
Corporate	6,599	6,576
Asset backed securities	17,890	19,892
Residential mortgage-backed - US agency	31,984	24,418
Collateralized mortgage obligations - US agency	14,650	12,179
Collateralized mortgage obligations - Private label	85,971	78,095
Investment securities - available-for-sale	270,479	254,167
Other Securities:
Corporate measured at NAV		4,343
Total available-for-sale securities	274,977	258,716
Private equity securities	3,793	3,206
Interest rate swap derivative fair value hedges	7,138	5,160
Interest rate swap derivative cash flow hedges		45
Recurring Basis [Member] \| Total Fair Value [Member] \| Mutual funds Common Stock Financial Services Industry [Member]
Equity investment securities:
Common stock, equity securities	206	206
Recurring Basis [Member] \| Level 1 [Member]
Other Securities:
Total available-for-sale securities	206	206
Recurring Basis [Member] \| Level 1 [Member] \| Mutual funds Common Stock Financial Services Industry [Member]
Equity investment securities:
Common stock, equity securities	206	206
Recurring Basis [Member] \| Level 2 [Member]
Debt investment securities:
US Treasury, agencies and GSEs	84,809	80,083
State and political subdivisions	28,576	32,924
Corporate	6,599	6,576
Asset backed securities	17,890	19,892
Residential mortgage-backed - US agency	31,984	24,418
Collateralized mortgage obligations - US agency	14,650	12,179
Collateralized mortgage obligations - Private label	85,971	78,095
Investment securities - available-for-sale	270,479	254,167
Other Securities:
Total available-for-sale securities	270,479	254,167
Interest rate swap derivative fair value hedges	7,138	5,160
Interest rate swap derivative cash flow hedges		$ 45
Recurring Basis [Member] \| Net Asset Value [Member] \| Total Fair Value [Member]
Other Securities:
Corporate measured at NAV	$ 4,292

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accumulated Other Comprehensive (Loss) Income

6 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 12: Accumulated Other Comprehensive (Loss) Income

Changes in the components of accumulated other comprehensive (loss) income (“AOCI”), net of tax, for the periods indicated are summarized in the tables below.


	For the three months ended June 30, 2024
(In thousands)	Net Unrealized Loss on Retirement Plans			Unrealized Loss on Available-for-Sale Securities			Unrealized Gain on Derivatives and Hedging Activities		Total
Beginning balance	$	(2,046	)	$	(7,227	)	$	411	$	(8,862	)
Other comprehensive (loss) income before reclassifications		-			(47	)		106		59
Amounts reclassified from AOCI		28			(11	)		-		17
Ending balance	$	(2,018	)	$	(7,285	)	$	517	$	(8,786	)


	For the three months ended June 30, 2023
(In thousands)	Net Unrealized Loss on Retirement Plans			Unrealized Loss on Available-for-Sale Securities			Unrealized Gain on Derivatives and Hedging Activities			Total
Beginning balance	$	(2,386	)	$	(9,075	)	$	(73	)	$	(11,534	)
Other comprehensive (loss) income before reclassifications		-			(420	)		543			123
Amounts reclassified from AOCI		41			-			-			41
Ending balance	$	(2,345	)	$	(9,495	)	$	470		$	(11,370	)


	For the six months ended June 30, 2024
(In thousands)	Net Unrealized Loss on Retirement Plans			Unrealized Loss on Available-for-Sale Securities			Unrealized Gain on Derivatives and Hedging Activities		Total
Beginning balance	$	(2,073	)	$	(7,564	)	$	32	$	(9,605	)
Other comprehensive income before reclassifications		-			176			485		661
Amounts reclassified from AOCI		55			103			-		158
Ending balance	$	(2,018	)	$	(7,285	)	$	517	$	(8,786	)


	For the six months ended June 30, 2023
(In thousands)	Net Unrealized Loss on Retirement Plans			Unrealized Loss on Available-for-Sale Securities			Unrealized Gain on Derivatives and Hedging Activities		Total
Beginning balance	$	(2,427	)	$	(10,127	)	$	382	$	(12,172	)
Other comprehensive (loss) income before reclassifications		-			(796	)		88		(708	)
Amounts reclassified from AOCI		82			1,428			-		1,510
Ending balance	$	(2,345	)	$	(9,495	)	$	470	$	(11,370	)

The following table presents the amounts reclassified out of each component of AOCI for the indicated periods:


		Amount Reclassified						Amount Reclassified
		from AOCI (1)						from AOCI (1)
		(Unaudited)						(Unaudited)
(In thousands)		For the three months ended						For the six months ended
Details about AOCI (1) components	Affected Line Item in the Statement of Income	June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Retirement plan items
Retirement plan net (losses) recognized in plan expenses (2)	Salaries and employee benefits	$	(38	)	$	(56	)	$	(75	)	$	(111	)
Tax effect	Provision for income taxes		10			15			20			29
	Net Income	$	(28	)	$	(41	)	$	(55	)	$	(82	)
Available-for-sale securities
Realized gains (losses) on sale of securities	Net gains on sales and redemptions of investment securities	$	15		$	-		$	(139	)	$	(1,933	)
Tax effect	Provision for income taxes		(4	)		-			36			505
	Net Income	$	11		$	-		$	(103	)	$	(1,428	)

(1)

Amounts in parentheses indicates debits in net income.

(2)

These items are included in net periodic pension cost.

See Note 5 for additional information.

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule Of Available For Sale Securities [Line Items]
Available for sale securities aggregate market value	$ 115,776	$ 140,099
Available-for-sale Securities, Equity investment securities	206	206
Level 2 [Member]
Schedule Of Available For Sale Securities [Line Items]
Available for sale securities aggregate market value	3,800
Corporate [Member]
Schedule Of Available For Sale Securities [Line Items]
Available for sale securities aggregate market value	3,354	$ 4,351
Corporate [Member] \| Level 2 [Member]
Schedule Of Available For Sale Securities [Line Items]
Available for sale securities continuous unrealized loss position twelve months or more amortized historical cost basis	4,100
Available for sale securities aggregate market value	$ 4,300

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
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-Subparagraph (a)
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-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

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-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

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-Topic 320
-SubTopic 10
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-Section 50
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-Section 50
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-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
ESOP shares earned (in shares)	6,111	6,111	12,221	12,221
Voting Common Stock dividends	$ 0.1	$ 0.09	$ 0.2	$ 0.18
Dividends per non voting common share	0.1	0.09	0.2	0.18
Dividends per warrant	$ 0.1	$ 0.09	$ 0.2	$ 0.18

LOANS - Additional Information (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 08, 2021	Feb. 13, 2021	Jun. 30, 2024	Apr. 07, 2023
Accounts Notes And Loans Receivable [Line Items]
Derivative Notional Amount			$ 83,800	$ 100,000
Swap Member
Accounts Notes And Loans Receivable [Line Items]
Derivative Notional Amount	$ 8,500	$ 12,200
Bank realized gain	$ 694,000	$ 117,000

New Accounting Pronouncements

6 Months Ended

Jun. 30, 2024

Accounting Standards Update and Change in Accounting Principle [Abstract]

New Accounting Pronouncements

Note 2: New Accounting Pronouncements

The Financial Accounting Standards Board (“FASB”) and, to a lesser extent, other authoritative rulemaking bodies promulgate generally accepted accounting principles (“GAAP”) to regulate the standards of accounting in the United States. From time to time, the FASB issues new GAAP standards, known as Accounting Standards Updates (“ASUs”) some of which, upon adoption, may have the potential to change the way in which the Company recognizes or reports within its consolidated financial statements. The following table provides a description of the accounting standards that are not currently effective, but could have an impact on the Company's consolidated financial statements upon adoption.


Standards Not Yet Adopted as of June 30, 2024
Standard	Description	Required Date of Implementation	Effect on Consolidated Financial Statements
Reference Rate Reform (ASU 2020-04: Facilitation of the Effects of Reference Rate Reform on Financial Reporting [Topic 848]: Deferral of the Sunset Date of Topic 848)	The amendments provide optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions affected by reference rate reform. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments (1) apply to contract modifications that replace a reference rate affected by reference rate reform, (2) provide exceptions to existing guidance related to changes to the critical terms of a hedging relationship due to reference rate reform (3) provide optional expedients for fair value hedging relationships, cash flow hedging relationships, and net investment hedging relationships, and (4) provide a onetime election to sell, transfer, or both sell and transfer debt securities classified as held-to-maturity that reference a rate affected by reference rate reform and that are classified as held-to-maturity before January 1, 2020. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope. ASU 2021-01 clarifies that certain optional expedients and exceptions in ASC 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. ASU 2021-01 also amends the expedients and exceptions in ASC 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition.	Upon issuance, January 7, 2021, through December 31, 2024, as amended by ASU 2022-06.	The adoption of this ASU did not have a material impact to the Company's consolidated statements of condition or income.
Standard	Description	Required Date of Implementation	Effect on Consolidated Financial Statements
Income taxes (Topic 740): Improvements to Income Tax Disclosures 2023-09	Amendments to ASC740 are being made to enhance the transparency and decision usefulness of income tax disclosures. The enhancements are made to provide information to better assess how an entity's operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. The objective of these disclosure requirements is for an entity, particularly an entity operating in multiple jurisdictions, to disclose sufficient information to enable users of financial statements to understand the nature and magnitude of factors contributing to the difference between the effective tax rate and the statutory tax rate.	Public business entities are required to apply this guidance to annual periods beginning after December 15, 2024.	The adoption of this ASU is not expected to have a material impact to the Company's consolidated statements of condition or income.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

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+ Details

Accumulated Other Comprehensive (Loss) Income - Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	$ 122,632	$ 112,361	$ 120,256	$ 111,582
Ending balance	124,174	114,429	124,174	114,429
Retirement Plans [Member]
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	(2,046)	(2,386)	(2,073)	(2,427)
Other comprehensive (loss) income before reclassifications	0	0	0	0
Amounts reclassified from AOCI	28	41	55	82
Ending balance	(2,018)	(2,345)	(2,018)	(2,345)
Unrealized Loss on Available for Sale Securities
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	(7,227)	(9,075)	(7,564)	(10,127)
Other comprehensive (loss) income before reclassifications	(47)	(420)	176	(796)
Amounts reclassified from AOCI	(11)	0	103	1,428
Ending balance	(7,285)	(9,495)	(7,285)	(9,495)
Unrealized Gain and Loss on Derivatives and Hedging Activities [Member]
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	411	(73)	32	382
Other comprehensive (loss) income before reclassifications	106	543	485	88
Amounts reclassified from AOCI	0	0	0	0
Ending balance	517	470	517	470
AOCI Attributable to Parent [Member]
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	(8,862)	(11,534)	(9,605)	(12,172)
Other comprehensive (loss) income before reclassifications	59	123	661	(708)
Amounts reclassified from AOCI	17	41	158	1,510
Ending balance	$ (8,786)	$ (11,370)	$ (8,786)	$ (11,370)

- Definition

Amount after tax, before reclassification adjustments of other comprehensive income (loss).

+ References + Details

- Definition

Amount after tax of reclassification adjustments of other comprehensive income (loss).

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 5
-Publisher FASB
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Reference 31: http://www.xbrl.org/2003/role/disclosureRef
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Reference 32: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 35: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Publisher FASB
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Paragraph 1
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Reference 43: http://www.xbrl.org/2009/role/commonPracticeRef
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-Paragraph 1
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Reference 44: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147476166/350-60-65-1

+ Details

Allowance for Credit Losses - Schedule of Changes in the Allowance for Loan Losses (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Allowance for loan losses:
Charge-offs		$ (68,000)		$ (112,000)
Recoveries		38,000		46,000
Provisions (credits)			$ 1,000,000		$ 1,800,000
Provisions (credits)	$ 290,000			1,100,000
Loans receivables:
Loans receivables Ending balance	871,371,000			871,371,000		$ 881,232,000
Residential 1-4 Family First Mortgages [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance		1,608,000		1,608,000
Allowance for credit losses, ending balance	1,536,000			1,536,000
Residential Construction Mortgage [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance		858,000		858,000
Allowance for credit losses, ending balance	815,000			815,000
Real Estate [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance		5,751,000		5,751,000
Allowance for credit losses, ending balance	6,663,000			6,663,000
Lines of Credit [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance		1,674,000		1,674,000
Allowance for credit losses, ending balance	1,221,000			1,221,000
Other Commercial and Industrial [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance		3,281,000		3,281,000
Allowance for credit losses, ending balance	3,821,000			3,821,000
Paycheck Protection Program [Member]
Loans receivables:
Loans receivables Ending balance	136,000			136,000
Ending balance: related to loans individually evaluated for impairment	0			0
Ending balance: collectively evaluated for impairment	136,000			136,000
Tax Exempt Loans [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance		1,000		1,000
Allowance for credit losses, ending balance	2,000			2,000
Home Equity and Junior Liens [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance		657,000		657,000
Allowance for credit losses, ending balance	625,000			625,000
Other Consumer [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance		2,145,000		2,145,000
Allowance for credit losses, ending balance	2,209,000			2,209,000
Unallocated [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance		15,975,000		15,975,000
Allowance For Credit Loss [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance	0
Allowance for credit losses, ending balance	0	0		0
Allowance For Credit Loss [Member] \| Paycheck Protection Program [Member]
Allowance for loan losses:
Charge-offs	0
Recoveries	0
Provisions (credits)	0
Ending balance: related to loans individually evaluated for impairment	0			0
CECL ACL January 1, 2023	0			0
Residential Portfolio Segment [Member] \| Residential 1-4 Family First Mortgages [Member]
Loans receivables:
Loans receivables Ending balance	250,106,000			250,106,000
Ending balance: related to loans individually evaluated for impairment	1,751,000			1,751,000
Ending balance: collectively evaluated for impairment	248,355,000			248,355,000
Residential Portfolio Segment [Member] \| Residential Construction Mortgage [Member]
Loans receivables:
Loans receivables Ending balance	309,000			309,000
Ending balance: related to loans individually evaluated for impairment	0			0
Ending balance: collectively evaluated for impairment	309,000			309,000
Residential Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Residential 1-4 Family First Mortgages [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance	1,619,000	1,608,000	1,937,000	1,608,000
Adoption of New Accounting Standard			0
Charge-offs	0		0	0
Recoveries	7,000		0	9,000
Provisions (credits)	(90,000)		0	(81,000)
Allowance for credit losses, ending balance	1,536,000	1,619,000	2,036,000	1,536,000	2,036,000
Ending balance: related to loans individually evaluated for impairment	137,000		127,000	137,000	127,000
CECL ACL January 1, 2023	1,399,000		1,909,000	1,399,000	1,909,000
Loans receivables:
Loans receivables Ending balance			256,201,000		256,201,000
Ending balance: related to loans individually evaluated for impairment			1,674,000		1,674,000
Ending balance: collectively evaluated for impairment			254,527,000		254,527,000
Residential Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Residential Construction Mortgage [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance	802,000	858,000	700,000	858,000
Adoption of New Accounting Standard			0
Charge-offs	0		0	0
Recoveries	0		0	0
Provisions (credits)	13,000		(41,000)	(43,000)
Allowance for credit losses, ending balance	815,000	802,000	634,000	815,000	634,000
Ending balance: related to loans individually evaluated for impairment	0		0	0	0
CECL ACL January 1, 2023	815,000		634,000	815,000	634,000
Loans receivables:
Loans receivables Ending balance			2,479,000		2,479,000
Ending balance: related to loans individually evaluated for impairment			0		0
Ending balance: collectively evaluated for impairment			2,479,000		2,479,000
Commercial Portfolio Segment [Member]
Loans receivables:
Loans receivables Ending balance			892,308,000		892,308,000
Ending balance: related to loans individually evaluated for impairment			21,925,000		21,925,000
Ending balance: collectively evaluated for impairment			870,383,000		870,383,000
Commercial Portfolio Segment [Member] \| Real Estate [Member]
Loans receivables:
Loans receivables Ending balance	370,361,000			370,361,000
Ending balance: related to loans individually evaluated for impairment	9,365,000			9,365,000
Ending balance: collectively evaluated for impairment	360,996,000			360,996,000
Commercial Portfolio Segment [Member] \| Lines of Credit [Member]
Loans receivables:
Loans receivables Ending balance	62,711,000			62,711,000
Ending balance: related to loans individually evaluated for impairment	1,208,000			1,208,000
Ending balance: collectively evaluated for impairment	61,503,000			61,503,000
Commercial Portfolio Segment [Member] \| Other Commercial and Industrial [Member]
Loans receivables:
Loans receivables Ending balance	90,813,000			90,813,000
Ending balance: related to loans individually evaluated for impairment	6,358,000			6,358,000
Ending balance: collectively evaluated for impairment	84,455,000			84,455,000
Commercial Portfolio Segment [Member] \| Tax Exempt Loans [Member]
Loans receivables:
Loans receivables Ending balance	3,228,000		3,963,000	3,228,000	3,963,000
Ending balance: related to loans individually evaluated for impairment	0		0	0	0
Ending balance: collectively evaluated for impairment	3,228,000		3,963,000	3,228,000	3,963,000
Commercial Portfolio Segment [Member] \| Home Equity and Junior Liens [Member]
Loans receivables:
Loans receivables Ending balance			34,028,000		34,028,000
Ending balance: related to loans individually evaluated for impairment			619,000		619,000
Ending balance: collectively evaluated for impairment			33,409,000		33,409,000
Commercial Portfolio Segment [Member] \| Other Consumer [Member]
Loans receivables:
Loans receivables Ending balance			84,646,000		84,646,000
Ending balance: related to loans individually evaluated for impairment			0		0
Ending balance: collectively evaluated for impairment			84,646,000		84,646,000
Commercial Portfolio Segment [Member] \| Allowance For Credit Loss [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance		15,975,000	17,869,000	15,975,000	15,319,000
Adoption of New Accounting Standard			0		1,886,000
Charge-offs			(372,000)	(180,000)	(492,000)
Recoveries			116,000	84,000	206,000
Provisions (credits)			1,183,000	1,014,000	1,877,000
Allowance for credit losses, ending balance	16,892,000		18,796,000	16,892,000	18,796,000
Ending balance: related to loans individually evaluated for impairment			8,702,000		8,702,000
CECL ACL January 1, 2023			10,094,000		10,094,000
Commercial Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Residential 1-4 Family First Mortgages [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance					714,000
Adoption of New Accounting Standard					1,396,000
Charge-offs					0
Recoveries					0
Provisions (credits)					(74,000)
Allowance for credit losses, ending balance			2,036,000		2,036,000
Commercial Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Residential Construction Mortgage [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance					0
Adoption of New Accounting Standard					969,000
Charge-offs					0
Recoveries					0
Provisions (credits)					(335,000)
Allowance for credit losses, ending balance			634,000		634,000
Commercial Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Real Estate [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance	6,567,000	5,751,000	5,182,000	5,751,000	5,881,000
Adoption of New Accounting Standard			0		(1,744,000)
Charge-offs	0		0	0	0
Recoveries	13,000		0	19,000	0
Provisions (credits)	83,000		108,000	893,000	1,294,000
Allowance for credit losses, ending balance	6,663,000	6,567,000	5,431,000	6,663,000	5,431,000
Ending balance: related to loans individually evaluated for impairment	1,511,000		4,825,000	1,511,000	4,825,000
CECL ACL January 1, 2023	5,152,000		606,000	5,152,000	606,000
Loans receivables:
Loans receivables Ending balance			355,605,000		355,605,000
Ending balance: related to loans individually evaluated for impairment			9,593,000		9,593,000
Ending balance: collectively evaluated for impairment			346,012,000		346,012,000
Commercial Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Lines of Credit [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance	1,391,000	1,674,000	2,095,000	1,674,000	3,990,000
Adoption of New Accounting Standard			0		95,000
Charge-offs	0		0	0	0
Recoveries	0		0	0	0
Provisions (credits)	(170,000)		525,000	(453,000)	(1,465,000)
Allowance for credit losses, ending balance	1,221,000	1,391,000	2,620,000	1,221,000	2,620,000
Ending balance: related to loans individually evaluated for impairment	662,000		1,891,000	662,000	1,891,000
CECL ACL January 1, 2023	559,000		729,000	559,000	729,000
Loans receivables:
Loans receivables Ending balance			70,624,000		70,624,000
Ending balance: related to loans individually evaluated for impairment			3,236,000		3,236,000
Ending balance: collectively evaluated for impairment			67,388,000		67,388,000
Commercial Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Other Commercial and Industrial [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance	3,403,000	3,281,000	5,082,000	3,281,000	2,944,000
Adoption of New Accounting Standard			0		10,000
Charge-offs	0		(263,000)	0	(299,000)
Recoveries	2,000		64,000	7,000	126,000
Provisions (credits)	416,000		309,000	533,000	2,411,000
Allowance for credit losses, ending balance	3,821,000	3,403,000	5,192,000	3,821,000	5,192,000
Ending balance: related to loans individually evaluated for impairment	1,901,000		1,745,000	1,901,000	1,745,000
CECL ACL January 1, 2023	1,920,000		3,447,000	1,920,000	3,447,000
Loans receivables:
Loans receivables Ending balance			84,581,000		84,581,000
Ending balance: related to loans individually evaluated for impairment			6,803,000		6,803,000
Ending balance: collectively evaluated for impairment			77,778,000		77,778,000
Commercial Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Paycheck Protection Program [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance			0
Adoption of New Accounting Standard			0
Charge-offs			0
Recoveries			0
Allowance for credit losses, ending balance			0		0
Ending balance: related to loans individually evaluated for impairment			0		0
CECL ACL January 1, 2023			0		0
Loans receivables:
Loans receivables Ending balance			181,000		181,000
Ending balance: related to loans individually evaluated for impairment			0		0
Ending balance: collectively evaluated for impairment			181,000		181,000
Commercial Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Tax Exempt Loans [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance	2,000	1,000	15,000	1,000	3,000
Adoption of New Accounting Standard			0		14,000
Charge-offs	0		0	0	0
Recoveries			0	0	0
Provisions (credits)	0		99,000	1,000	(2,000)
Allowance for credit losses, ending balance	2,000	2,000	15,000	2,000	15,000
Ending balance: related to loans individually evaluated for impairment	0		0	0	0
CECL ACL January 1, 2023			15,000		15,000
Commercial Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Home Equity and Junior Liens [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance		657,000	723,000	657,000	741,000
Adoption of New Accounting Standard			(0)		(97,000)
Charge-offs			0	0	0
Recoveries			0	0	0
Provisions (credits)			(66,000)	(32,000)	38,000
Allowance for credit losses, ending balance	625,000		682,000	625,000	682,000
Ending balance: related to loans individually evaluated for impairment			114,000		114,000
CECL ACL January 1, 2023			568,000		568,000
Commercial Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Other Consumer [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance		2,145,000	2,135,000	2,145,000	1,046,000
Adoption of New Accounting Standard			0		1,243,000
Charge-offs			(109,000)	(180,000)	(193,000)
Recoveries			52,000	49,000	80,000
Provisions (credits)			249,000	195,000	10,000
Allowance for credit losses, ending balance	2,209,000		2,186,000	2,209,000	2,186,000
Ending balance: related to loans individually evaluated for impairment			0		0
CECL ACL January 1, 2023			$ 2,186,000		$ 2,186,000
Consumer Portfolio Segment [Member]
Allowance for loan losses:
Allowance for credit losses, ending balance	16,892,000			16,892,000
Loans receivables:
Loans receivables Ending balance	888,680,000			888,680,000
Ending balance: related to loans individually evaluated for impairment	19,370,000			19,370,000
Ending balance: collectively evaluated for impairment	869,310,000			869,310,000
Consumer Portfolio Segment [Member] \| Home Equity and Junior Liens [Member]
Loans receivables:
Loans receivables Ending balance	35,821,000			35,821,000
Ending balance: related to loans individually evaluated for impairment	618,000			618,000
Ending balance: collectively evaluated for impairment	35,203,000			35,203,000
Consumer Portfolio Segment [Member] \| Other Consumer [Member]
Loans receivables:
Loans receivables Ending balance	75,195,000			75,195,000
Ending balance: related to loans individually evaluated for impairment	70,000			70,000
Ending balance: collectively evaluated for impairment	75,125,000			75,125,000
Consumer Portfolio Segment [Member] \| Allowance For Credit Loss [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance	16,665,000
Charge-offs	(112,000)
Recoveries	46,000
Provisions (credits)	304,000
Allowance for credit losses, ending balance		16,665,000
Ending balance: related to loans individually evaluated for impairment	4,395,000			4,395,000
CECL ACL January 1, 2023	12,497,000			12,497,000
Consumer Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Tax Exempt Loans [Member]
Allowance for loan losses:
Recoveries	0
CECL ACL January 1, 2023	2,000			2,000
Consumer Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Home Equity and Junior Liens [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance	662,000
Charge-offs	0
Recoveries	0
Provisions (credits)	(37,000)
Allowance for credit losses, ending balance		662,000
Ending balance: related to loans individually evaluated for impairment	114,000			114,000
CECL ACL January 1, 2023	511,000			511,000
Consumer Portfolio Segment [Member] \| Allowance For Credit Loss [Member] \| Other Consumer [Member]
Allowance for loan losses:
Allowance for credit losses, beginning balance	2,209,000
Charge-offs	(112,000)
Recoveries	24,000
Provisions (credits)	88,000
Allowance for credit losses, ending balance		$ 2,209,000
Ending balance: related to loans individually evaluated for impairment	70,000			70,000
CECL ACL January 1, 2023	$ 2,139,000			$ 2,139,000

Pension and Postretirement Benefits - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Retirement Benefits [Abstract]
Minimum years of service to participate in the health and life insurance benefits as of January 1, 1995	14 years
Prepaid pension asset	$ 7.8	$ 7.5

Allowance for Credit Losses - Schedule amortized cost of collateral dependent loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Amortized cost	$ 16,217	$ 20,981
Commercial And Industrial [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost	7,466	7,788
Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost	7,305	11,814
Residential 1-4 Family First Mortgages [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost	787	699
Home Equity Loans And Lines of Credit [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost	590	599
Consumer Loans [Member]
Financing Receivable, Past Due [Line Items]
Amortized cost	$ 69	$ 81

Investment Securities

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Investment Securities

Note 4: Investment Securities

The amortized cost and estimated fair value of available-for-sale and held-to-maturity investment securities are summarized as follows:


	June 30, 2024
			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
Debt investment securities:
US Treasury, agencies and GSEs	$	88,074	$	530	$	(3,795	)	$	84,809
State and political subdivisions		30,189		111		(1,724	)		28,576
Corporate		10,985		259		(353	)		10,891
Asset backed securities		18,031		38		(179	)		17,890
Residential mortgage-backed - US agency		33,036		37		(1,089	)		31,984
Collateralized mortgage obligations - US agency		15,550		66		(966	)		14,650
Collateralized mortgage obligations - Private label		88,770		92		(2,891	)		85,971
Total		284,635		1,133		(10,997	)		274,771
Equity investment securities:
Common stock - financial services industry		206		-		-			206
Total		206		-		-			206
Total available-for-sale	$	284,841	$	1,133	$	(10,997	)	$	274,977

Held-to-Maturity Portfolio
Debt investment securities:
US Treasury, agencies and GSEs	$	3,670	$	-	$	(319	)	$	3,351
State and political subdivisions		17,496		10		(1,997	)		15,509
Corporate		44,410		32		(2,709	)		41,733
Asset backed securities		16,390		-		(1,047	)		15,343
Residential mortgage-backed - US agency		6,823		22		(668	)		6,177
Collateralized mortgage obligations - US agency		12,762		1		(1,406	)		11,357
Collateralized mortgage obligations - Private label		65,013		181		(2,384	)		62,810
Total		166,564		246		(10,530	)		156,280
Less: Allowance for credit losses		293		-		-			-
Total held-to-maturity	$	166,271	$	246	$	(10,530	)	$	156,280


	December 31, 2023
			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
Debt investment securities:
US Treasury, agencies and GSEs	$	82,588	$	754	$	(3,259	)	$	80,083
State and political subdivisions		34,588		145		(1,809	)		32,924
Corporate		11,008		276		(365	)		10,919
Asset backed securities		20,251		-		(359	)		19,892
Residential mortgage-backed - US agency		25,446		57		(1,085	)		24,418
Collateralized mortgage obligations - US agency		13,058		116		(995	)		12,179
Collateralized mortgage obligations - Private label		81,812		128		(3,845	)		78,095
Total		268,751		1,476		(11,717	)		258,510
Equity investment securities:
Common stock - financial services industry		206		-		-			206
Total		206		-		-			206
Total available-for-sale	$	268,957	$	1,476	$	(11,717	)	$	258,716

Held-to-Maturity Portfolio
Debt investment securities:
US Treasury, agencies and GSEs	$	3,760	$	-	$	(304	)	$	3,456
State and political subdivisions		16,576		28		(1,874	)		14,730
Corporate		45,427		9		(3,281	)		42,155
Asset backed securities		16,860		-		(1,180	)		15,680
Residential mortgage-backed - US agency		6,974		15		(665	)		6,324
Collateralized mortgage obligations - US agency		13,221		-		(1,293	)		11,928
Collateralized mortgage obligations - Private label		76,819		120		(3,178	)		73,761
Total		179,637		172		(11,775	)		168,034
Less: Allowance for credit losses		351		-		-			-
Total held-to-maturity	$	179,286	$	172	$	(11,775	)	$	168,034

The amortized cost and estimated fair value of debt investments at June 30, 2024 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. Amounts disclosed are gross values and do not include any allowance for credit loss.


	Available-for-Sale				Held-to-Maturity
	Amortized		Estimated		Amortized		Estimated
(In thousands)	Cost		Fair Value		Cost		Fair Value
Due in one year or less	$	14,558	$	14,769	$	3,417	$	3,389
Due after one year through five years		9,336		8,893		20,929		20,176
Due after five years through ten years		42,709		38,518		40,516		37,060
Due after ten years		80,676		79,986		17,104		15,311
Sub-total		147,279		142,166		81,966		75,936
Residential mortgage-backed - US agency		33,036		31,984		6,823		6,177
Collateralized mortgage obligations - US agency		15,550		14,650		12,762		11,357
Collateralized mortgage obligations - Private label		88,770		85,971		65,013		62,810
Totals	$	284,635	$	274,771	$	166,564	$	156,280

The Company’s investment securities’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows:


	June 30, 2024
	Less than Twelve Months							Twelve Months or More							Total
	Number of							Number of							Number of
	Individual		Unrealized			Fair		Individual		Unrealized			Fair		Individual		Unrealized			Fair
(In thousands)	Securities		Losses			Value		Securities		Losses			Value		Securities		Losses			Value
Available-for-Sale Portfolio
US Treasury, agencies and GSEs		6	$	(37	)	$	2,488		4	$	(3,758	)	$	27,111		10	$	(3,795	)	$	29,599
State and political subdivisions		-		-			-		21		(1,724	)		25,213		21		(1,724	)		25,213
Corporate		-		-			-		4		(353	)		3,354		4		(353	)		3,354
Asset backed securities		1		(5	)		430		7		(174	)		9,153		8		(179	)		9,583
Residential mortgage-backed - US agency		6		(225	)		10,056		12		(864	)		14,291		18		(1,089	)		24,347
Collateralized mortgage obligations - US agency		1		(5	)		1,208		11		(961	)		7,594		12		(966	)		8,802
Collateralized mortgage obligations - Private label		15		(189	)		31,701		27		(2,702	)		29,060		42		(2,891	)		60,761
Totals		29	$	(461	)	$	45,883		86	$	(10,536	)	$	115,776		115	$	(10,997	)	$	161,659
Held-to-Maturity Portfolio
US Treasury, agencies and GSEs		-	$	-		$	-		2	$	(319	)	$	3,350		2	$	(319	)	$	3,350
State and political subdivisions		4		(7	)		1,387		18		(1,990	)		13,095		22		(1,997	)		14,482
Corporate		-		-			-		39		(2,709	)		33,527		39		(2,709	)		33,527
Asset backed securities		2		(16	)		2,812		7		(1,031	)		10,538		9		(1,047	)		13,350
Residential mortgage-backed - US agency		-		-			-		7		(668	)		4,876		7		(668	)		4,876
Collateralized mortgage obligations - US agency		-		-			-		9		(1,406	)		10,695		9		(1,406	)		10,695
Collateralized mortgage obligations - Private label		-		-			-		39		(2,384	)		50,424		39		(2,384	)		50,424
Totals		6	$	(23	)	$	4,199		121	$	(10,507	)	$	126,505		127	$	(10,530	)	$	130,704


	December 31, 2023
	Less than Twelve Months							Twelve Months or More							Total
	Number of							Number of							Number of
	Individual		Unrealized			Fair		Individual		Unrealized			Fair		Individual		Unrealized			Fair
(In thousands)	Securities		Losses			Value		Securities		Losses			Value		Securities		Losses			Value
Available-for-Sale Portfolio
US Treasury, agencies and GSEs		3	$	(13	)	$	5,990		3	$	(3,246	)	$	25,794		6	$	(3,259	)	$	31,784
State and political subdivisions		-		-			-		20		(1,809	)		26,432		20		(1,809	)		26,432
Corporate		-		-			-		5		(365	)		4,351		5		(365	)		4,351
Asset backed securities		3		(65	)		5,907		10		(294	)		13,985		13		(359	)		19,892
Residential mortgage-backed - US agency		1		(14	)		2,477		15		(1,071	)		14,931		16		(1,085	)		17,408
Collateralized mortgage obligations - US agency		-		-			-		11		(995	)		8,123		11		(995	)		8,123
Collateralized mortgage obligations - Private label		10		(274	)		18,067		33		(3,571	)		46,483		43		(3,845	)		64,550
Totals		17	$	(366	)	$	32,441		97	$	(11,351	)	$	140,099		114	$	(11,717	)	$	172,540
Held-to-Maturity Portfolio
US Treasury, agencies and GSE's		-	$	-		$	-		2	$	(304	)	$	3,456		2	$	(304	)	$	3,456
State and political subdivisions		4		(2	)		575		14		(1,872	)		12,718		18		(1,874	)		13,293
Corporate		1		(61	)		439		39		(3,220	)		33,532		40		(3,281	)		33,971
Asset backed securities		2		(8	)		2,877		8		(1,172	)		10,652		10		(1,180	)		13,529
Residential mortgage-backed - US agency		-		-			-		7		(665	)		4,942		7		(665	)		4,942
Collateralized mortgage obligations - US agency		-		-			-		10		(1,293	)		11,928		10		(1,293	)		11,928
Collateralized mortgage obligations - Private label		4		(38	)		5,827		43		(3,140	)		60,260		47		(3,178	)		66,087
Totals		11	$	(109	)	$	9,718		123	$	(11,666	)	$	137,488		134	$	(11,775	)	$	147,206

Excluding the effects of changes in the characteristics of individual debt securities that potentially give rise to credit losses, as described below, the fair market value of a debt security as of a particular measurement date is highly dependent upon prevailing market and economic environmental factors at the measurement date relative to the prevailing market and economic environmental factors present at the time the debt security was acquired. The most significant market and environmental factors include, but are not limited to (1) the general level of interest rates, (2) the relationship between shorter-term interest rates and longer-term interest rates (referred to as the “slope” or "shape" of the interest rate yield curve),

(3) general bond market liquidity, (4) the recent and expected near-term volume of new issuances of similar debt securities, and (5) changes in the market values of individual loan collateral underlying mortgage-backed an asset-backed debt securities. Changes in interest rates affect the fair market values of debt securities by influencing the discount rate applied to the securities’ future expected cash flows. The higher the discount rate, the lower the resultant security fair value at the measurement date. Conversely, the lower the discount rate, the higher the resultant security fair value at the measurement date. In addition, the cumulative amount and timing of undiscounted cash flows of debt securities may also be affected by changes in interest rates. For any given level of movement in the general market and economic environmental factors described above, the magnitude of any particular debt security’s price changes will also depend heavily upon security-specific factors such as (1) the duration of the security, (2) imbedded optionality contractually granted to the issuer of the security with respect to principal prepayments, and (3) changes in the level of market premiums demanded by investors for securities with imbedded credit risk (where applicable).

When the fair value of any individual security categorized as available-for-sale ("AFS") or held-to-maturity ("HTM") is less than its amortized cost basis, an assessment is made as to whether or not a charge to current earnings for credit loss is required. In assessing potential credit losses, management also makes a quantitative determination of potential credit loss for all HTM securities even if the risk of credit loss is considered remote and uses a best estimate threshold for securities categorized as AFS. The Company considers numerous factors when determining whether a potential credit loss exists. The principal factors considered are (1) the financial condition of the issue and (guarantor, if any) any adverse conditions specifically related to the security, industry or geographic area, (2) failure of the issuer of the security to make scheduled interest or principal payments, (3) any changes to the rating of the security by a nationally recognized statistical rating organization (“NRSRO”), and (4) the presence of contractual credit enhancements, if any, including the guarantee of the federal government or any of its agencies.

The Company carries all of its AFS investments at fair value with any unrealized gains or losses reported, net of income tax effects, as an adjustment to shareholders' equity and included in accumulated other comprehensive income (loss), except for the credit-related portion of debt securities’ credit losses, if any, which are charged to earnings. The Company's ability to fully realize the value of its investments in various securities, including corporate debt securities, is dependent on the underlying creditworthiness of the issuing organization. In evaluating the debt securities portfolio (both AFS and HTM) for credit losses, management considers (1) if we intend to sell the security; (2) if it is “more likely than not” we will be required to sell the security before recovery of its amortized cost basis; or (3) if the present value of expected cash flows is insufficient to recover the entire amortized cost basis.

The portion of the investment securities portfolio, categorized as AFS, with an aggregate amortized historical cost of $284.8 million, had an aggregate fair value that was less than its aggregate amortized historical cost by $9.9 million, or -3.5%, at June 30, 2024. The AFS securities portfolio, with an aggregate amortized historical cost of $269.0 million, had an aggregate fair value that was less than its aggregate amortized historical cost by $10.2 million, or -3.8%, at December 31, 2023. The resultant $377,000 total improvement in the fair value of the AFS investment portfolio's aggregate fair value, relative to its aggregate amortized historical cost, in the six months ended June 30, 2024, was primarily due to changes in the interest rate environment (the general interest rate level and the relationships between shorter-term and longer-term interest rates, known as the 'yield curve') that occurred in that period. These changes in aggregate fair value relative to aggregate amortized historical cost that occurred in the six months ended June 30, 2024 did not represent any changes in credit loss estimations within the portfolio.

The portion of the investment securities portfolio, categorized as HTM, with an aggregate amortized historical cost of $166.6 million, had an aggregate fair value that was less than its aggregate amortized historical cost by $10.3 million, or -6.2%, at June 30, 2024. The portion of the investment securities portfolio, categorized as HTM, with an aggregate amortized historical cost of $179.6 million, had an aggregate fair value that was less than its aggregate amortized historical cost by $11.6 million, or -6.5%, at December 31, 2023. The resultant $1.3 million improvement in the aggregate fair value of the HTM investment portfolio, relative to its aggregate amortized historical cost, during the six months ended June 30, 2024, was primarily due to changes in the interest rate environment (the general interest rate level and the relationships between shorter-term and longer-term interest rates, known as the 'yield curve') that occurred in that period. These changes in aggregate fair value relative to aggregate amortized historical cost that occurred in the six months ended June 30, 2024 did not represent any changes in credit loss estimations within the portfolio. The Company does not intend to sell these

securities, nor is it more likely than not that the Company will be required to sell these securities prior to the recovery of the amortized cost.

The following tables depicts a rollforward of the allowance for credit losses on investment securities classified as held-to-maturity for the three months ended June 30, 2024 and 2023:


(In thousands)	Government Issued and Government Sponsored Enterprise Securities		Mortgage and Asset-backed Securities		Securities Issued By State and Political Subdivisions			Corporate Securities			Total
Balance, March 31, 2024	$	-	$	-	$	2		$	365		$	367
Provision for credit losses		-		-		(1	)		(73	)		(74	)
Allowance on purchased financial assets with credit deterioration		-		-		-			-			-
Charge-offs of securities		-		-		-			-			-
Recoveries		-		-		-			-			-
Balance, June 30, 2024	$	-	$	-	$	1		$	292		$	293


	Government Issued and Government Sponsored Enterprise Securities		Mortgage and Asset-backed Securities			Securities Issued By State and Political Subdivisions		Corporate Securities			Total
Balance, March 31, 2023	$	-	$	40		$	1	$	409		$	450
Provision for credit losses		-		(18	)		1		(12	)		(29	)
Allowance on purchased financial assets with credit deterioration		-		-			-		-			-
Charge-offs of securities		-		-			-		-			-
Recoveries		-		-			-		-			-
Balance, June 30, 2023	$	-	$	22		$	2	$	397		$	421

The following tables depicts a rollforward of the allowance for credit losses on investment securities classified as held-to-maturity for the six months ended June 30, 2024 and 2023:


(In thousands)	Government Issued and Government Sponsored Enterprise Securities		Mortgage and Asset-backed Securities		Securities Issued By State and Political Subdivisions			Corporate Securities			Total
Balance, December 31, 2023	$	-	$	-	$	2		$	350		$	352
Provision for credit losses		-				(1	)		(58	)		(59	)
Allowance on purchased financial assets with credit deterioration		-		-		-			-			-
Charge-offs of securities		-		-		-			-			-
Recoveries		-		-		-			-			-
Balance, June 30, 2024	$	-	$	-	$	1		$	292		$	293


(In thousands)	Government Issued and Government Sponsored Enterprise Securities		Mortgage and Asset-backed Securities			Securities Issued By State and Political Subdivisions		Corporate Securities			Total
Balance, December 31, 2022	$	-	$	-		$	-	$	-		$	-
Adjustment for the adoption of ASU 2016-13		-		40			1		409			450
Provision for credit losses		-		(18	)		1		(12	)		(29	)
Allowance on purchased financial assets with credit deterioration		-		-			-		-			-
Charge-offs of securities		-		-			-		-			-
Recoveries		-		-			-		-			-
Balance, June 30, 2023	$	-	$	22		$	2	$	397		$	421

The Company monitors the credit quality of the debt securities categorized as HTM primarily through the use of NRSRO credit ratings. These assessments are made on a quarterly basis. Amounts disclosed are gross values and do not include any allowance for credit loss. The following tables summarizes the amortized cost of debt securities categorized as HTM at June 30, 2024 and December 31, 2023, aggregated by credit quality indicators:


(In thousands)	June 30, 2024		December 31, 2023
AAA or equivalent	$	37,178	$	42,476
AA or equivalent, including securities issued by the United States Government or Government Sponsored Enterprises		44,731		49,479
A or equivalent		14,719		19,021
BBB or equivalent		20,784		16,304
BB or equivalent		985		983
Unrated		48,167		51,374
Total	$	166,564	$	179,637

Gross realized (losses) gains on sales and redemptions of available-for-sale and held-to-maturity securities for the indicated periods are detailed below:


	For the three months				For the six months
	ended June 30,				ended June 30,
(In thousands)	2024		2023		2024			2023
Realized gains on investments	$	16	$	-	$	750		$	2,021
Realized losses on investments		-		-		(882	)		(1,948	)
Total	$	16	$	-	$	(132	)	$	73

As of June 30, 2024 and December 31, 2023, securities with a fair value of $120.7 million and $110.3 million, respectively, were pledged to collateralize certain municipal deposit relationships. As of the same dates, securities with a fair value of $116.1 million and $114.3 million, respectively, were pledged against certain borrowing arrangements.

Management has reviewed its loan and mortgage-backed securities portfolios and determined that, to the best of its knowledge, only minimal exposure exists to sub-prime or other high-risk residential mortgages. With limited exceptions in the Company’s investment portfolio involving the most senior tranches of securitized bonds, the Company is not in the practice of investing in, or originating, these types of investment securities.

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2024	Aug. 09, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Registrant Name	PATHFINDER BANCORP, INC.
Entity Central Index Key	0001609065
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	001-36695
Entity Incorporation, State or Country Code	MD
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	NY
Entity Address, Postal Zip Code	13126
City Area Code	315
Local Phone Number	343-0057
Title of each class	Common Stock, $0.01 par value
Trading Symbol	PBHC
Name of each exchange on which registered	NASDAQ
Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock Shares Outstanding		4,719,788
Series A Nonvoting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock Shares Outstanding		1,380,283

Investment Securities - Schedule of Allowance for Credit Losses on Investment Securities (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Charge-offs of securities		$ (68)		$ (112)
Recoveries		38		46
Allowance for Credit Losses [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	$ 367	352	$ 450	352	$ 0
Adjustment for the adoption of ASU 2016-13					450
Provision for credit losses	(74)		(29)	(59)	(29)
Allowance on purchased financial assets with credit deterioration	0		0	0	0
Charge-offs of securities	0		0	0	0
Recoveries	0		0	0	0
Allowance for credit losses, ending balance	293	367	421	293	421
Allowance for Credit Losses [Member] \| Government Issued and Government Sponsored Enterprise Securities [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	0	0	0	0	0
Adjustment for the adoption of ASU 2016-13					0
Provision for credit losses	0		0	0	0
Allowance on purchased financial assets with credit deterioration	0		0	0	0
Charge-offs of securities	0		0	0	0
Recoveries	0		0	0	0
Allowance for credit losses, ending balance	0	0	0	0	0
Allowance for Credit Losses [Member] \| Mortgage and Asset-backed Securities [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	0	0	40	0	0
Adjustment for the adoption of ASU 2016-13					40
Provision for credit losses	0		(18)		(18)
Allowance on purchased financial assets with credit deterioration	0		0	0	0
Charge-offs of securities	0		0	0	0
Recoveries	0		0	0	0
Allowance for credit losses, ending balance	0	0	22	0	22
Allowance for Credit Losses [Member] \| Securities Issued By State and Political Subdivisions [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	2	2	1	2	0
Adjustment for the adoption of ASU 2016-13					1
Provision for credit losses	(1)		1	(1)	1
Allowance on purchased financial assets with credit deterioration	0		0	0	0
Charge-offs of securities	0		0	0	0
Recoveries	0		0	0	0
Allowance for credit losses, ending balance	1	2	2	1	2
Allowance for Credit Losses [Member] \| Corporate Securities [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for credit losses, beginning balance	365	350	409	350	0
Adjustment for the adoption of ASU 2016-13					409
Provision for credit losses	(73)		(12)	(58)	(12)
Allowance on purchased financial assets with credit deterioration	0		0	0	0
Charge-offs of securities	0		0	0	0
Recoveries	0		0	0	0
Allowance for credit losses, ending balance	$ 292	$ 365	$ 397	$ 292	$ 397

Loans - Summary of Purchased Loans Pools (Details)
$ in Thousands

6 Months Ended

12 Months Ended

Jun. 30, 2024

USD ($)

Loan

Dec. 31, 2023

USD ($)

Segment

Accounts Notes And Loans Receivable [Line Items]

Original Balance

$ 169,300

$ 179,800

Current Balance

77,400

87,400

Unamortized Premium/ (Discount)

$ (6,335)

$ (6,504)

Number of Loans

2,883

3,093

Cumulative net charge-offs

$ 126

$ 69

Commercial and Industrial Loans [Member]

Accounts Notes And Loans Receivable [Line Items]

Original Balance

6,800

Current Balance

1,400

1,600

Unamortized Premium/ (Discount)

$ 0

Number of Loans

Commercial and Industrial Loans [Member] | Minimum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

2 years

Commercial and Industrial Loans [Member] | Maximum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

5 years

6 years

Home Equity Lines of Credit [Member]

Accounts Notes And Loans Receivable [Line Items]

Original Balance

$ 21,900

Current Balance

4,100

4,500

Unamortized Premium/ (Discount)

$ 51

$ 108

Number of Loans

119

159

Home Equity Lines of Credit [Member] | Minimum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

4 years

1 year

Home Equity Lines of Credit [Member] | Maximum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

25 years

26 years

Unsecured Consumer Loan Pool 2 [Member]

Accounts Notes And Loans Receivable [Line Items]

Original Balance

$ 26,600

Current Balance

200

500

Unamortized Premium/ (Discount)

$ 0

$ 2

Number of Loans

121

167

Unsecured Consumer Loan Pool 2 [Member] | Minimum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

0 years

Unsecured Consumer Loan Pool 2 [Member] | Maximum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

2 years

Residential Real Estate Loans [Member]

Accounts Notes And Loans Receivable [Line Items]

Original Balance

$ 4,300

Current Balance

4,300

4,500

Unamortized Premium/ (Discount)

$ 281

$ 284

Number of Loans

Residential Real Estate Loans [Member] | Minimum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

17 years

Residential Real Estate Loans [Member] | Maximum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

25 years

Unsecured Consumer Loan Pool 1 [Member]

Accounts Notes And Loans Receivable [Line Items]

Original Balance

$ 5,400

Current Balance

700

1,000

Unamortized Premium/ (Discount)

$ 0

Number of Loans

Unsecured Consumer Loan Pool 1 [Member] | Minimum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

1 year

Unsecured Consumer Loan Pool 1 [Member] | Maximum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

3 years

Unsecured Consumer Installment Loans Pool 3 [Member]

Accounts Notes And Loans Receivable [Line Items]

Original Balance

$ 10,300

^[1]

$ 10,300

Current Balance

300

^[1]

500

Unamortized Premium/ (Discount)

$ 9

^[1]

$ 17

Number of Loans

105

^[1]

158

Cumulative net charge-offs

$ 75

^[1]

$ 69

Unsecured Consumer Installment Loans Pool 3 [Member] | Minimum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

0 years

^[1]

0 years

Unsecured Consumer Installment Loans Pool 3 [Member] | Maximum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

9 years

^[1]

9 years

Secured Consumer Installment Loans Pool 4 [Member]

Accounts Notes And Loans Receivable [Line Items]

Original Balance

$ 14,500

Current Balance

9,700

10,600

Unamortized Premium/ (Discount)

$ (1,360)

$ (1,252)

Number of Loans

482

499

Secured Consumer Installment Loans Pool 4 [Member] | Minimum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

21 years

Secured Consumer Installment Loans Pool 4 [Member] | Maximum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

25 years

Unsecured Consumer Loan Pool 5 [Member]

Accounts Notes And Loans Receivable [Line Items]

Original Balance

$ 24,400

^[2]

$ 24,400

Current Balance

14,500

^[2]

15,600

Unamortized Premium/ (Discount)

$ (372)

^[2]

$ (450)

Number of Loans

615

^[2]

644

Unsecured Consumer Loan Pool 5 [Member] | Minimum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

6 years

^[2]

7 years

Unsecured Consumer Loan Pool 5 [Member] | Maximum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

22 years

^[2]

22 years

Revolving Commercial Line of Credit 1 [Member]

Accounts Notes And Loans Receivable [Line Items]

Original Balance

$ 11,600

Current Balance

7,900

12,400

Unamortized Premium/ (Discount)

$ 0

$ 2

Number of Loans

Revolving Commercial Line of Credit 1 [Member] | Minimum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

0 years

Revolving Commercial Line of Credit 1 [Member] | Maximum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

1 year

Secured Consumer Installment Loans [Member]

Accounts Notes And Loans Receivable [Line Items]

Original Balance

$ 21,300

Current Balance

17,300

18,000

Unamortized Premium/ (Discount)

$ (2,762)

$ (2,923)

Number of Loans

810

821

Cumulative net charge-offs

$ 51

Secured Consumer Installment Loans [Member] | Minimum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

17 years

Secured Consumer Installment Loans [Member] | Maximum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

24 years

Revolving Commercial Line of Credit 2 [Member]

Accounts Notes And Loans Receivable [Line Items]

Original Balance

$ 10,500

Current Balance

Unamortized Premium/ (Discount)

$ 0

Number of Loans | Segment

Unsecured Consumer Loan Pool 6 [Member]

Accounts Notes And Loans Receivable [Line Items]

Original Balance

$ 22,200

^[2]

$ 22,200

Current Balance

17,000

^[2]

18,200

Unamortized Premium/ (Discount)

$ (2,182)

^[2]

$ (2,292)

Number of Loans

515

^[2]

522

Unsecured Consumer Loan Pool 6 [Member] | Minimum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

7 years

^[2]

7 years

Unsecured Consumer Loan Pool 6 [Member] | Maximum [Member]

Accounts Notes And Loans Receivable [Line Items]

Maturity Range

24 years

^[2]

24 years

[1]

In December 2023, the primary servicer for a purchased pool of consumer installment loans declared bankruptcy and the Bank placed the loans within the serviced pool on nonaccrual status pending the release of collected funds by the U.S. Bankruptcy court of jurisdiction. The current balance reflects anticipated principal payments that are expected to be received after the bankruptcy proceedings are finalized and the remaining amount expected to be collected from the pool’s underlying borrowers. At June 30, 2024, the Bank has recorded a total receivable of $411,000 related to the remaining unpaid portion of the original loan pool, of which $111,000 has currently been collected by the servicer from underlying borrowers and is being held in a segregated account by the Bankruptcy Court and approximately $300,000 remains due from borrowers under the scheduled repayment terms of their original loan agreements. The Bank’s management expects to ultimately collect substantially all of these funds and does not consider the loans in this pool to be impaired at June 30, 2024.

[2]

On December 7, 2023, the Bank settled two pay-fixed interest rate swap derivative contracts, previously established with an unaffiliated third party and designated as fair value interest rate hedges. The hedging swap contracts were related to two purchased consumer installment loan pools comprised of loans secured by residential home solar power infrastructure. These contracts were entered into on February 13, 2021 (notional amount of $12.2 million) and December 8, 2021 (notional amount of $8.5 million). The Bank realized gains related to the settlement of these two hedging contracts were $117,000 and $694,000, respectively. These gains on the extinguishments of the hedging swap contracts are reported as a reduction of the carrying value of the hedged loan pools and will be recognized as an enhancement to the reported yield on those loan pools over the original contractual life of the hedging swap contracts. The unamortized portion of these gains totaled $753,000 at June 30, 2024.

Fair Value Measurements - Fair Value Inputs, Quantitative Information (Details) - Level 3 [Member] - Appraisal of Collateral - Appraisal Adjustments [Member] - Measurement Input, Discount Rate [Member]	Jun. 30, 2024	Dec. 31, 2023
Collateral dependent loans \| Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value inputs, discount rate	0.12	0.10
Collateral dependent loans \| Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value inputs, discount rate	0.50	0.75
Collateral dependent loans \| Weighted Average [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value inputs, discount rate	0.26	0.21
Foreclosed real estate \| Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value inputs, discount rate	0.21	0.21
Foreclosed real estate \| Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value inputs, discount rate	0.24	0.24
Foreclosed real estate \| Weighted Average [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value inputs, discount rate	0.22	0.22

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Consolidated Statements of Comprehensive Income [Abstract]
Net Income	$ 2,012	$ 1,975	$ 4,185	$ 4,650
Retirement Plans:
Retirement plan net gains recognized in plan expenses	38	56	75	111
Net unrealized gain on retirement plans	38	56	75	111
Unrealized holding gains on available-for-sale securities:
Unrealized holding (losses) gains arising during the period	(64)	(569)	238	(1,077)
Reclassification adjustment for net (gains) losses included in net income	(15)	0	139	1,933
Net unrealized (losses) gains on available-for-sale securities	(79)	(569)	377	856
Derivatives and hedging activities:
Unrealized holding gains arising during the period	144	735	656	119
Net unrealized gains (losses) on derivatives and hedging activities	144	735	656	119
Other comprehensive income, before tax	103	222	1,108	1,086
Tax effect	(27)	(58)	(289)	(284)
Other comprehensive income, net of tax	76	164	819	802
Comprehensive income	2,088	2,139	5,004	5,452
Comprehensive income (loss), attributable to noncontrolling interest	12	(7)	65	69
Comprehensive income attributable to Pathfinder Bancorp, Inc.	2,076	2,146	4,939	5,383
Tax Effect Allocated to Each Component of Other Comprehensive (Loss) Income
Retirement plan net gains recognized in plan expenses	(10)	(15)	(20)	(29)
Unrealized holding losses (gains) on available-for-sale securities arising during the period	17	149	(62)	281
Reclassification adjustment for net losses on available-for-sale securities included in net income	4	0	(36)	(505)
Unrealized gains on derivatives and hedging arising during the period	(38)	(192)	(171)	(31)
Income tax effect related to other comprehensive income	$ (27)	$ (58)	$ (289)	$ (284)

Guarantees - Additional Information (Details) - Standby Letters of Credit [Member] $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Loss Contingencies [Line Items]
Maximum amount of loss due to credit risk	$ 2.3
Provision for credit losses	$ 0.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Subsequent Events

6 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

Subsequent Events

Note 16: Subsequent Events

On July 19, 2024, the Bank completed the previously announced purchase and assumption of the East Syracuse, NY branch of Berkshire Bank, the banking subsidiary of Berkshire Hills Bancorp, Inc. In connection with the purchase, the Bank assumed approximately $186 million in deposit liabilities and acquired approximately $30 million in loans. With respect to the purchased loans, the Bank paid an amount equal to the sum of 95% of the aggregate unpaid principal balances, measured as of the closing date, plus any accrued interest related to the loans through the closing date. The Bank also paid a 5.8% premium on the aggregate amount of non-time deposits associated with the branch, measured as of the closing date (the “Core Deposits”), and assumed all non-Core Deposits associated with the branch, measured as of the closing date, at par value. The total deposit premium paid by the Bank therefore equates to approximately 3.8% when applied to the aggregated Core Deposits and non-Core Deposits. The average cost of deposits acquired in the East Syracuse branch acquisition was approximately 1.99% (excluding the effects of future Core Deposit Intangible amortization). The Company intends to utilize the additional liquidity obtained with this acquisition to pay down approximately $150 million of borrowings that had an average cost of approximately 5.33% at June 30, 2024, which is expected to benefit total funding costs beginning in the third quarter of 2024. Finally, the Bank assumed Berkshire Bank’s existing commercial lease for the real property associated with the branch with an annual lease payment of approximately $946,000, excluding property taxes and certain other associated property related obligations that the Bank also assumed, and purchased the personal property and fixtures located within the branch facility for approximately $264,000.

Guarantees

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Guarantees

Note 9: Guarantees

The Company does not issue any guarantees that would require liability recognition or disclosure, other than its standby letters of credit. Generally, all letters of credit, when issued have expiration dates within one year. The credit risks involved in issuing letters of credit is essentially the same as those that are involved in extending loan facilities to customers. The Company generally holds collateral and/or personal guarantees supporting these commitments. The Company had $2.3 million of standby letters of credit as of June 30, 2024. Management believes that the proceeds obtained through a liquidation of collateral and the enforcement of guarantees would be sufficient to cover the potential amount of future payments required under the corresponding guarantees. No provision for credit losses has been made for these commitments. The fair value of standby letters of credit was not significant to the Company’s consolidated financial statements.

Loans (Tables)

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Summary of Major Classification of Loans

Major classifications of loans at the indicated dates are as follows:


	June 30,			December 31,
(In thousands)	2024			2023
Residential mortgage loans:
1-4 family first-lien residential mortgages	$	250,106		$	257,604
Construction		309			1,355
Total residential mortgage loans		250,415			258,959
Commercial loans:
Real estate		370,361			358,707
Lines of credit		62,711			72,069
Other commercial and industrial		90,813			89,803
Paycheck Protection Program loans		136			158
Tax exempt loans		3,228			3,430
Total commercial loans		527,249			524,167
Consumer loans:
Home equity and junior liens		35,821			34,858
Other consumer		75,195			79,797
Total consumer loans		111,016			114,655
Total loans		888,680			897,781
Net deferred loan fees		(417	)		(574	)
Less allowance for credit losses		16,892			15,975
Loans receivable, net	$	871,371		$	881,232

Summary of Purchased Loans Pools

The following tables detail the

purchased loan pool positions held by the Bank at June 30, 2024 and December 31, 2023 (the month/year of the earliest acquisition date is depicted in parentheses):


(In thousands, except number of loans)	June 30, 2024
	Original Balance		Current Balance		Unamortized Premium/ (Discount)			Number of Loans		Maturity Range		Cumulative net charge-offs
Commercial and industrial loans (6/2019)	$	6,800	$	1,400	$	-			19	2-5 years		$	-
Home equity lines of credit (8/2019)		21,900		4,100		51			119	4-25 years			-
Unsecured consumer loan pool 2 (11/2019)		26,600		200		-			121	0-2 years			-
Residential real estate loans (12/2019)		4,300		4,300		281			54	17-25 years			-
Unsecured consumer loan pool 1 (12/2019)		5,400		700		-			42	1-3 years			-
Unsecured consumer installment loans pool 3 (12/2019)(2)		10,300		300		9			105	0-9 years			75
Secured consumer installment loans pool 4 (12/2020)		14,500		9,700		(1,360	)		482	21-25 years			-
Unsecured consumer loans pool 5 (1/2021)(1)		24,400		14,500		(372	)		615	6-22 years			-
Revolving commercial line of credit 1 (3/2021)		11,600		7,900		-			1	0-1 year			-
Secured consumer installment loans (11/2021)		21,300		17,300		(2,762	)		810	17-24 years			51
Unsecured consumer loans pool 6 (11/2021)(1)		22,200		17,000		(2,182	)		515	7-24 years			-
Total	$	169,300	$	77,400	$	(6,335	)		2,883			$	126

(In thousands, except number of loans)	December 31, 2023
	Original Balance		Current Balance		Unamortized Premium/ (Discount)			Number of Loans		Maturity Range		Cumulative net charge-offs
Commercial and industrial loans (6/2019)		6,800		1,600		-			20	2-6 years			-
Home equity lines of credit (8/2019)		21,900		4,500		108			159	1-26 years			-
Unsecured consumer loan pool 2 (11/2019)		26,600		500		2			167	0-2 years			-
Residential real estate loans (12/2019)		4,300		4,500		284			56	17-25 years			-
Unsecured consumer loan pool 1 (12/2019)		5,400		1,000		-			46	1-3 years			-
Unsecured consumer installment loans pool 3 (12/2019)		10,300		500		17			158	0-9 years			69
Secured consumer installment loans pool 4 (12/2020)		14,500		10,600		(1,252	)		499	21-25 years			-
Unsecured consumer loans pool 5 (1/2021)		24,400		15,600		(450	)		644	7-22 years			-
Revolving commercial line of credit 1 (3/2021)		11,600		12,400		2			1	0-1 year			-
Secured consumer installment loans (11/2021)		21,300		18,000		(2,923	)		821	17-24 years			-
Revolving commercial line of credit 2 (11/2021) paid in full at 12/11/23		10,500		-		-			-		-		-
Unsecured consumer loans pool 6 (11/2021)		22,200		18,200		(2,292	)		522	7-24 years			-
Total	$	179,800	$	87,400	$	(6,504	)		3,093			$	69

(1)

(2)

Summary of Aggregate Pass Rating and the Classified Ratings

The following tables present the classes of the loan portfolio as of June 30, 2024, summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company's internal risk rating system as of the dates indicated:


															Revolving
	Term Loans By Origination Year												Revolving		loans converted
(In thousands)	2024		2023		2022		2021		2020		Prior		Loans		to term loans		Total
Commercial Real Estate:
Pass	$	20,703	$	47,852	$	66,255	$	54,213	$	28,608	$	127,165	$	-	$	-	$	344,796
Special Mention		-		-		14,002		-		-		488		-		-		14,490
Substandard		848		2,967		500		1,665		739		4,297		-		-		11,016
Doubtful		-		-		-		-		-		59		-		-		59
Total Commercial Real Estate		21,551		50,819		80,757		55,878		29,347		132,009		-		-		370,361
Commercial Lines of Credit:
Pass		-		-		-		-		-		-		57,010		3,555		60,565
Special Mention		-		-		-		-		-		-		613		149		762
Substandard		-		-		-		-		-		-		404		978		1,382
Doubtful		-		-		-		-		-		-		-		2		2
Total Commercial Lines of Credit		-		-		-		-		-		-		58,027		4,684		62,711
Other Commercial and Industrial:
Pass		9,513		23,063		14,771		5,381		4,588		20,543		3,841		-		81,700
Special Mention		-		2,107		-		225		43		-		-		-		2,375
Substandard		-		-		1,124		929		749		2,530		-		-		5,332
Doubtful		-		1,406		-		-		-		-		-		-		1,406
Total Other Commercial and Industrial		9,513		26,576		15,895		6,535		5,380		23,073		3,841		-		90,813
Paycheck Protection Program Loans
Pass		-		-		-		-		136		-		-		-		136
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-		-
Total Paycheck Protection Program Loans		-		-		-		-		136		-		-		-		136
Tax Exempt Loans
Pass		10		105		-		-		151		2,962		-		-		3,228
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-		-
Total Tax Exempt Loans		10		105		-		-		151		2,962		-		-		3,228


																			Revolving
	Term Loans By Origination Year																Revolving		loans converted
(In thousands)	2024			2023		2022		2021			2020			Prior			Loans		to term loans		Total
1-4 family first-lien residential mortgages:
Pass	$	2,676		$	17,017	$	30,520	$	50,326		$	38,606		$	107,630		$	-	$	-	$	246,775
Special Mention		-			-		-		-			275			468			-		-		743
Substandard		-			-		463		92			209			861			-		-		1,625
Doubtful		-			-		-		-			152			811			-		-		963
Total 1-4 family first-lien residential mortgages		2,676			17,017		30,983		50,418			39,242			109,770			-		-		250,106
Construction:
Pass		71			238		-		-			-			-			-		-		309
Special Mention		-			-		-		-			-			-			-		-		-
Substandard		-			-		-		-			-			-			-		-		-
Doubtful		-			-		-		-			-			-			-		-		-
Total Construction		71			238		-		-			-			-			-		-		309
Home Equity and Junior Liens:
Pass		4,065			3,728		1,925		1,454			635			2,435			19,875		922		35,039
Special Mention		-			-		-		-			-			6			20		9		35
Substandard		-			-		-		13			-			48			686		-		747
Doubtful		-			-		-		-			-			-			-		-		-
Total Home Equity and Junior Liens		4,065			3,728		1,925		1,467			635			2,489			20,581		931		35,821
Other Consumer:
Pass		2,455			62,957		3,478		2,684			1,210			2,322			-		-		75,106
Special Mention		-			-		-		6			-			1			-		-		7
Substandard		-			-		-		82			-			-			-		-		82
Doubtful		-			-		-		-			-			-			-		-		-
Total Other Consumer		2,455			62,957		3,478		2,772			1,210			2,323			-		-		75,195
Net Deferred Loan Fees		(394	)		163		105		(76	)		(17	)		(198	)		-		-		(417	)
Total Loans	$	39,947		$	161,603	$	133,143	$	116,994		$	76,084		$	272,428		$	82,449	$	5,615	$	888,263

Summary of Age Analysis of Past Due Loans Segregated by Portfolio Segment and Class of Loans

An aging analysis of past due loans, not including net deferred loan costs, segregated by portfolio segment and class of loans, as of June 30, 2024 and December 31, 2023, are detailed in the following tables:


	As of June 30, 2024

	30-59 Days		60-89 Days		90 Days		Total				Total Loans
(In thousands)	Past Due		Past Due		and Over		Past Due		Current		Receivable
Residential mortgage loans:
1-4 family first-lien residential mortgages	$	1,278	$	568	$	1,737	$	3,583	$	246,523	$	250,106
Construction		-		-		-		-		309		309
Total residential mortgage loans		1,278		568		1,737		3,583		246,832		250,415
Commercial loans:
Real estate		7,094		5,276		6,421		18,791		351,570		370,361
Lines of credit		1,128		-		2,310		3,438		59,273		62,711
Other commercial and industrial		1,294		-		9,785		11,079		79,734		90,813
Paycheck Protection Program loans		-		-		-		-		136		136
Tax exempt loans		-		-		-		-		3,228		3,228
Total commercial loans		9,516		5,276		18,516		33,308		493,941		527,249
Consumer loans:
Home equity and junior liens		365		25		175		565		35,256		35,821
Other consumer		479		270		4,062		4,811		70,384		75,195
Total consumer loans		844		295		4,237		5,376		105,640		111,016
Total loans	$	11,638	$	6,139	$	24,490	$	42,267	$	846,413	$	888,680

	As of December 31, 2023

	30-59 Days		60-89 Days		90 Days		Total				Total Loans
(In thousands)	Past Due		Past Due		and Over		Past Due		Current		Receivable
Residential mortgage loans:
1-4 family first-lien residential mortgages	$	1,462	$	2,269	$	1,770	$	5,501	$	252,103	$	257,604
Construction		-		-		-		-		1,355		1,355
Total residential mortgage loans		1,462		2,269		1,770		5,501		253,458		258,959
Commercial loans:
Real estate		5,385		196		5,053		10,634		348,073		358,707
Lines of credit		180		-		924		1,104		70,965		72,069
Other commercial and industrial		5,347		322		6,340		12,009		77,794		89,803
Paycheck Protection Program loans		-		-		-		-		158		158
Tax exempt loans		-		-		-		-		3,430		3,430
Total commercial loans		10,912		518		12,317		23,747		500,420		524,167
Consumer loans:
Home equity and junior liens		210		29		192		431		34,427		34,858
Other consumer		984		383		2,948		4,315		75,482		79,797
Total consumer loans		1,194		412		3,140		4,746		109,909		114,655
Total loans	$	13,568	$	3,199	$	17,227	$	33,994	$	863,787	$	897,781

Summary of Nonaccrual Loans Segregated by Class of Loan

As of June 30, 2024 and December 31, 2023, the amount of interest income recognized on nonaccrual loans and the cost basis of nonaccrual loans, for which there is no ACL, are detailed in the following tables. All loans greater than 90 days past due are classified as nonaccrual.


	June 30, 2024
(In thousands)	Nonaccrual Loans		Nonaccrual loans without related allowance for credit loss		Recognized interest income
Residential mortgage loans:
1-4 family first-lien residential mortgages	$	1,737	$	69	$	32
		1,737		69		32
Commercial loans:
Real estate		6,421		715		74
Lines of credit		2,312		250		17
Other commercial and industrial		9,783		1,980		121
		18,516		2,945		212
Consumer loans:
Home equity and junior liens		175		60		4
Other consumer		4,062		2,074		3
Total consumer loans		4,237		2,134		7
Total nonaccrual loans	$	24,490	$	5,148	$	251


	December 31, 2023
(In thousands)	Nonaccrual Loans		Nonaccrual loans without related allowance for credit loss		Recognized interest income
Residential mortgage loans:
1-4 family first-lien residential mortgages	$	1,770	$	69	$	43
		1,770		69		43
Commercial loans:
Real estate		5,053		3,058		109
Lines of credit		924		-		52
Other commercial and industrial		6,340		4,079		164
		12,317		7,137		325
Consumer loans:
Home equity and junior liens		192		-		2
Other consumer		2,948		1,207		9
Total consumer loans		3,140		1,207		11
Total nonaccrual loans	$	17,227	$	8,413	$	379

Fair Value Measurements - Summary of Fair Value Assets Measured on Nonrecurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Nonrecurring basis [Abstract]
Foreclosed real estate expenses	$ 30	$ 18	$ 55	$ 32
Nonrecurring Basis [Member] \| Total Fair Value [Member]
Nonrecurring basis [Abstract]
Individually evaluated loans	10,991		10,991		$ 9,722
Foreclosed real estate expenses			60		151
Nonrecurring Basis [Member] \| Level 3 [Member]
Nonrecurring basis [Abstract]
Individually evaluated loans	$ 10,991		10,991		9,722
Foreclosed real estate expenses			$ 60		$ 151

Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Calculations of Basic and Diluted Earnings per Share

The following table sets forth the calculation of basic and diluted earnings per share.


	Three months ended				Six months ended
	June 30,				June 30,
(In thousands, except share and per share data)	2024		2023		2024		2023
Net income attributable to Pathfinder Bancorp, Inc.	$	2,000	$	1,982	$	4,120	$	4,581
Series A Non-Voting Common Stock dividends		138		124		276		248
Warrant dividends		13		11		25		23
Undistributed earnings allocated to participating securities		334		350		697		854
Net income available to common shareholders-Voting	$	1,515	$	1,497	$	3,122	$	3,456

Net income attributable to Pathfinder Bancorp, Inc.	$	2,000	$	1,982	$	4,120	$	4,581
Voting Common Stock dividends		471		419		943		834
Warrant dividends		13		11		25		23
Undistributed earnings allocated to participating securities		1,072		1,107		2,237		2,693
Net income available to common shareholders-Series A Non-Voting	$	444	$	445	$	915	$	1,031

Basic and diluted weighted average common shares outstanding-Voting		4,708		4,639		4,704		4,624
Basic and diluted weighted average common shares outstanding-Series A Non-Voting		1,380		1,380		1,380		1,380

Basic and diluted earnings per common share-Voting	$	0.32	$	0.32	$	0.66	$	0.75
Basic and diluted earnings per common share-Series A Non-Voting	$	0.32	$	0.32	$	0.66	$	0.75

Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Components of Lease Expense

The components of lease expense are as follows:


	For the three months ended				For the six months ended
(In thousands)	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Operating lease cost	$	49	$	59	$	99	$	118
Finance lease cost		108		56		217		111

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:


	For the three months ended				For the six months ended
(In thousands)	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Cash paid for amount included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	45	$	54	$	91	$	108
Operating cash flows for finance leases		108		56		217		111
Financing cash flows for finance leases		32		31		64		62

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:



(In thousands, except lease term and discount rate)	June 30, 2024			December 31, 2023
Operating Leases:
Operating lease right-of-use assets	$	1,459		$	1,526
Operating lease liabilities		1,652			1,711

Finance Leases:
Finance lease right-of-use assets	$	4,004		$	4,073
Finance lease liabilities		4,359			4,381

Weighted Average Remaining Lease Term:
Operating Leases	17.13 years			17.22 years
Finance Leases	26.84 years			27.35 years

Weighted Average Discount Rate:
Operating Leases		3.89	%		3.88	%
Finance Leases		9.40	%		9.40	%

Maturities of Lease Liabilities

Maturities of lease liabilities are as follows:


Twelve Months Ending June 30,
(In thousands)
2025	$	78
2026		167
2027		168
2028		177
2029		162
Thereafter		5,259
Total minimum lease payments	$	6,011

Basis of Presentation - Additional Information (Details)	Jun. 30, 2024
Nature of Operations [Line Items]
Consolidation of membership interest in Fitzgibbons	100.00%
FitzGibbons Agency LLC [Member] \| Pathfinder Risk Management Company Inc [Member]
Nature of Operations [Line Items]
Membership interest own in Fitzgibbons through subsidiary	51.00%
Noncontrolling interest by subsidiary	49.00%

Foreclosed Real Estate (Tables)

6 Months Ended

Jun. 30, 2024

Schedule Of Real Estate Properties

Schedule of Real Estate Properties

The Company is required to disclose the carrying amount of foreclosed real estate properties held as a result of obtaining physical possession of the property at each reporting period.


(In thousands)	Number of properties		June 30, 2024		Number of properties		December 31, 2023
Foreclosed real estate		2	$	60		4	$	151

Fair Value Measurements - Carrying Amounts and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Level 1 [Member] \| Carrying Amounts [Member]
Financial assets:
Cash and cash equivalents	$ 31,819	$ 48,732
Equity Securities, FV-NI, Current	3,793	3,206
Accrued interest receivable	7,076	7,286
Financial liabilities:
Demand Deposits, Savings, NOW and MMDA	575,993	607,301
Accrued interest payable	2,092	2,245
Level 1 [Member] \| Estimated Fair Values [Member]
Financial assets:
Cash and cash equivalents	31,819	48,732
Equity Securities, FV-NI, Current	3,793	3,206
Accrued interest receivable	7,076	7,286
Financial liabilities:
Demand Deposits, Savings, NOW and MMDA	575,993	607,301
Accrued interest payable	2,092	2,245
Level 2 [Member] \| Carrying Amounts [Member]
Financial assets:
Investment securities - available-for-sale	270,479	254,167
Held-to-maturity Securities, Debt Maturities, Fair Value	166,271	179,286
Federal Home Loan Bank stock	8,702	8,748
Interest rate derivative cash flow hedge receivable/(payable)	0	45
Financial liabilities:
Time Deposits	525,284	512,766
Borrowings	173,446	175,599
Subordinated loans	30,008	29,914
Level 2 [Member] \| Carrying Amounts [Member] \| Loans receivable Member
Financial assets:
Interest rate derivative cash flow hedge receivable/(payable)	3,573	2,047
Level 2 [Member] \| Carrying Amounts [Member] \| AFS Investments [Member]
Financial assets:
Interest rate derivative cash flow hedge receivable/(payable)	3,565	3,113
Level 2 [Member] \| Estimated Fair Values [Member]
Financial assets:
Investment securities - available-for-sale	270,479	254,167
Held-to-maturity Securities, Debt Maturities, Fair Value	156,280	168,034
Federal Home Loan Bank stock	8,702	8,748
Interest rate derivative cash flow hedge receivable/(payable)	0	45
Financial liabilities:
Time Deposits	524,705	517,514
Borrowings	172,381	174,071
Subordinated loans	28,276	28,026
Level 2 [Member] \| Estimated Fair Values [Member] \| Loans receivable Member
Financial assets:
Interest rate derivative cash flow hedge receivable/(payable)	3,573	1,477
Level 2 [Member] \| Estimated Fair Values [Member] \| AFS Investments [Member]
Financial assets:
Interest rate derivative cash flow hedge receivable/(payable)	3,565	3,113
Net Asset Value [Member] \| Carrying Amounts [Member]
Financial assets:
Investment securities - available-for-sale	4,292	4,343
Net Asset Value [Member] \| Estimated Fair Values [Member]
Financial assets:
Investment securities - available-for-sale	4,292	4,343
Level 3 [Member] \| Carrying Amounts [Member]
Financial assets:
Net loans	871,371	881,232
Level 3 [Member] \| Estimated Fair Values [Member]
Financial assets:
Net loans	$ 817,057	$ 823,052

Loans

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Loans

Note 6: Loans

Major classifications of loans at the indicated dates are as follows:


	June 30,			December 31,
(In thousands)	2024			2023
Residential mortgage loans:
1-4 family first-lien residential mortgages	$	250,106		$	257,604
Construction		309			1,355
Total residential mortgage loans		250,415			258,959
Commercial loans:
Real estate		370,361			358,707
Lines of credit		62,711			72,069
Other commercial and industrial		90,813			89,803
Paycheck Protection Program loans		136			158
Tax exempt loans		3,228			3,430
Total commercial loans		527,249			524,167
Consumer loans:
Home equity and junior liens		35,821			34,858
Other consumer		75,195			79,797
Total consumer loans		111,016			114,655
Total loans		888,680			897,781
Net deferred loan fees		(417	)		(574	)
Less allowance for credit losses		16,892			15,975
Loans receivable, net	$	871,371		$	881,232

Although the Bank may sometimes purchase or fund loan participation interests outside of its primary market areas, the Bank generally originates residential mortgage, commercial, and consumer loans largely to customers throughout Oswego and Onondaga counties. Although the Bank has a diversified loan portfolio, a substantial portion of its borrowers’ abilities to honor their loan contracts is dependent upon the counties’ employment and economic conditions.

From time to time, the Bank acquires diversified pools of loans, originated by unrelated third parties, as part of the Company’s overall balance sheet management strategies. These acquisitions took place with nine separate transactions, that occurred between 2017 and 2019, with an additional six transactions occurring in 2021. The following tables detail the

purchased loan pool positions held by the Bank at June 30, 2024 and December 31, 2023 (the month/year of the earliest acquisition date is depicted in parentheses):


(In thousands, except number of loans)	June 30, 2024
	Original Balance		Current Balance		Unamortized Premium/ (Discount)			Number of Loans		Maturity Range		Cumulative net charge-offs
Commercial and industrial loans (6/2019)	$	6,800	$	1,400	$	-			19	2-5 years		$	-
Home equity lines of credit (8/2019)		21,900		4,100		51			119	4-25 years			-
Unsecured consumer loan pool 2 (11/2019)		26,600		200		-			121	0-2 years			-
Residential real estate loans (12/2019)		4,300		4,300		281			54	17-25 years			-
Unsecured consumer loan pool 1 (12/2019)		5,400		700		-			42	1-3 years			-
Unsecured consumer installment loans pool 3 (12/2019)(2)		10,300		300		9			105	0-9 years			75
Secured consumer installment loans pool 4 (12/2020)		14,500		9,700		(1,360	)		482	21-25 years			-
Unsecured consumer loans pool 5 (1/2021)(1)		24,400		14,500		(372	)		615	6-22 years			-
Revolving commercial line of credit 1 (3/2021)		11,600		7,900		-			1	0-1 year			-
Secured consumer installment loans (11/2021)		21,300		17,300		(2,762	)		810	17-24 years			51
Unsecured consumer loans pool 6 (11/2021)(1)		22,200		17,000		(2,182	)		515	7-24 years			-
Total	$	169,300	$	77,400	$	(6,335	)		2,883			$	126

(In thousands, except number of loans)	December 31, 2023
	Original Balance		Current Balance		Unamortized Premium/ (Discount)			Number of Loans		Maturity Range		Cumulative net charge-offs
Commercial and industrial loans (6/2019)		6,800		1,600		-			20	2-6 years			-
Home equity lines of credit (8/2019)		21,900		4,500		108			159	1-26 years			-
Unsecured consumer loan pool 2 (11/2019)		26,600		500		2			167	0-2 years			-
Residential real estate loans (12/2019)		4,300		4,500		284			56	17-25 years			-
Unsecured consumer loan pool 1 (12/2019)		5,400		1,000		-			46	1-3 years			-
Unsecured consumer installment loans pool 3 (12/2019)		10,300		500		17			158	0-9 years			69
Secured consumer installment loans pool 4 (12/2020)		14,500		10,600		(1,252	)		499	21-25 years			-
Unsecured consumer loans pool 5 (1/2021)		24,400		15,600		(450	)		644	7-22 years			-
Revolving commercial line of credit 1 (3/2021)		11,600		12,400		2			1	0-1 year			-
Secured consumer installment loans (11/2021)		21,300		18,000		(2,923	)		821	17-24 years			-
Revolving commercial line of credit 2 (11/2021) paid in full at 12/11/23		10,500		-		-			-		-		-
Unsecured consumer loans pool 6 (11/2021)		22,200		18,200		(2,292	)		522	7-24 years			-
Total	$	179,800	$	87,400	$	(6,504	)		3,093			$	69

(1)

(2)

At June 30, 2024 and December 31, 2023, the allowance for credit losses (the "ACL") related to these pools were $2.1 million and $2.1 million, respectively. As of June 30, 2024 and December 31, 2023, residential mortgage loans with a carrying value of $118.1 million and $113.6 million, respectively, have been pledged by the Company to the Federal Home Loan Bank of New York (“FHLBNY”) under a blanket collateral agreement to secure the Company’s line of credit and term borrowings.

Loan Origination / Risk Management

The Company’s lending policies and procedures are presented in Note 5 to the audited consolidated financial statements included in the 2023 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 22, 2024 and have not changed. As part of the execution of the Company’s overall balance sheet management strategies, the Bank will acquire participating interests in loans originated by unrelated third parties on an occasional basis. The purchase of participations in loans that are originated by third parties only occurs after the completion of thorough pre-acquisition due diligence. Loans in which the Company acquires a participating interest are determined to meet, in all material respects, the Company’s internal underwriting policies, including credit and collateral suitability thresholds, prior to acquisition. In addition, the financial condition of the originating financial institutions, which are generally retained as the ongoing loan servicing provider for participations acquired by the Bank, are analyzed prior to the acquisition of the participating interests and monitored on a regular basis thereafter for the life of those interests.

To develop and document a systematic methodology for determining the allowance for credit losses, the Company has divided the loan portfolio into three portfolio segments, each with different risk characteristics but with similar methodologies for assessing risk. Each portfolio segment is broken down into loan classes where appropriate. Loan classes contain unique measurement attributes, risk characteristics, and methods for monitoring and assessing risk that are necessary to develop the allowance for credit losses. Unique characteristics such as borrower type, loan type, collateral type, and risk characteristics define each class.

The following table illustrates the portfolio segments and classes for the Company’s loan portfolio:


Portfolio Segment	Class

Residential Mortgage Loans	1-4 family first-lien residential mortgages
	Construction

Commercial Loans	Real estate
	Lines of credit
	Other commercial and industrial
	Tax exempt loans

Consumer Loans	Home equity and junior liens
	Other consumer


															Revolving
	Term Loans By Origination Year												Revolving		loans converted
(In thousands)	2024		2023		2022		2021		2020		Prior		Loans		to term loans		Total
Commercial Real Estate:
Pass	$	20,703	$	47,852	$	66,255	$	54,213	$	28,608	$	127,165	$	-	$	-	$	344,796
Special Mention		-		-		14,002		-		-		488		-		-		14,490
Substandard		848		2,967		500		1,665		739		4,297		-		-		11,016
Doubtful		-		-		-		-		-		59		-		-		59
Total Commercial Real Estate		21,551		50,819		80,757		55,878		29,347		132,009		-		-		370,361
Commercial Lines of Credit:
Pass		-		-		-		-		-		-		57,010		3,555		60,565
Special Mention		-		-		-		-		-		-		613		149		762
Substandard		-		-		-		-		-		-		404		978		1,382
Doubtful		-		-		-		-		-		-		-		2		2
Total Commercial Lines of Credit		-		-		-		-		-		-		58,027		4,684		62,711
Other Commercial and Industrial:
Pass		9,513		23,063		14,771		5,381		4,588		20,543		3,841		-		81,700
Special Mention		-		2,107		-		225		43		-		-		-		2,375
Substandard		-		-		1,124		929		749		2,530		-		-		5,332
Doubtful		-		1,406		-		-		-		-		-		-		1,406
Total Other Commercial and Industrial		9,513		26,576		15,895		6,535		5,380		23,073		3,841		-		90,813
Paycheck Protection Program Loans
Pass		-		-		-		-		136		-		-		-		136
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-		-
Total Paycheck Protection Program Loans		-		-		-		-		136		-		-		-		136
Tax Exempt Loans
Pass		10		105		-		-		151		2,962		-		-		3,228
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-		-
Total Tax Exempt Loans		10		105		-		-		151		2,962		-		-		3,228


																			Revolving
	Term Loans By Origination Year																Revolving		loans converted
(In thousands)	2024			2023		2022		2021			2020			Prior			Loans		to term loans		Total
1-4 family first-lien residential mortgages:
Pass	$	2,676		$	17,017	$	30,520	$	50,326		$	38,606		$	107,630		$	-	$	-	$	246,775
Special Mention		-			-		-		-			275			468			-		-		743
Substandard		-			-		463		92			209			861			-		-		1,625
Doubtful		-			-		-		-			152			811			-		-		963
Total 1-4 family first-lien residential mortgages		2,676			17,017		30,983		50,418			39,242			109,770			-		-		250,106
Construction:
Pass		71			238		-		-			-			-			-		-		309
Special Mention		-			-		-		-			-			-			-		-		-
Substandard		-			-		-		-			-			-			-		-		-
Doubtful		-			-		-		-			-			-			-		-		-
Total Construction		71			238		-		-			-			-			-		-		309
Home Equity and Junior Liens:
Pass		4,065			3,728		1,925		1,454			635			2,435			19,875		922		35,039
Special Mention		-			-		-		-			-			6			20		9		35
Substandard		-			-		-		13			-			48			686		-		747
Doubtful		-			-		-		-			-			-			-		-		-
Total Home Equity and Junior Liens		4,065			3,728		1,925		1,467			635			2,489			20,581		931		35,821
Other Consumer:
Pass		2,455			62,957		3,478		2,684			1,210			2,322			-		-		75,106
Special Mention		-			-		-		6			-			1			-		-		7
Substandard		-			-		-		82			-			-			-		-		82
Doubtful		-			-		-		-			-			-			-		-		-
Total Other Consumer		2,455			62,957		3,478		2,772			1,210			2,323			-		-		75,195
Net Deferred Loan Fees		(394	)		163		105		(76	)		(17	)		(198	)		-		-		(417	)
Total Loans	$	39,947		$	161,603	$	133,143	$	116,994		$	76,084		$	272,428		$	82,449	$	5,615	$	888,263

Management has reviewed its loan portfolio and determined that, to the best of its knowledge, no material exposure exists to sub-prime or other high-risk residential mortgages. The Company is not in the practice of originating these types of loans.

Nonaccrual and Past Due Loans

Loans are considered past due if the required principal and interest payments have not been received within thirty days of the payment due date. Loans are placed on nonaccrual when the contractual payment of principal and interest has become 90 days past due or when management has serious doubts about further collectability of principal or interest, even though the loan may be currently performing.


	As of June 30, 2024

	30-59 Days		60-89 Days		90 Days		Total				Total Loans
(In thousands)	Past Due		Past Due		and Over		Past Due		Current		Receivable
Residential mortgage loans:
1-4 family first-lien residential mortgages	$	1,278	$	568	$	1,737	$	3,583	$	246,523	$	250,106
Construction		-		-		-		-		309		309
Total residential mortgage loans		1,278		568		1,737		3,583		246,832		250,415
Commercial loans:
Real estate		7,094		5,276		6,421		18,791		351,570		370,361
Lines of credit		1,128		-		2,310		3,438		59,273		62,711
Other commercial and industrial		1,294		-		9,785		11,079		79,734		90,813
Paycheck Protection Program loans		-		-		-		-		136		136
Tax exempt loans		-		-		-		-		3,228		3,228
Total commercial loans		9,516		5,276		18,516		33,308		493,941		527,249
Consumer loans:
Home equity and junior liens		365		25		175		565		35,256		35,821
Other consumer		479		270		4,062		4,811		70,384		75,195
Total consumer loans		844		295		4,237		5,376		105,640		111,016
Total loans	$	11,638	$	6,139	$	24,490	$	42,267	$	846,413	$	888,680

	As of December 31, 2023

	30-59 Days		60-89 Days		90 Days		Total				Total Loans
(In thousands)	Past Due		Past Due		and Over		Past Due		Current		Receivable
Residential mortgage loans:
1-4 family first-lien residential mortgages	$	1,462	$	2,269	$	1,770	$	5,501	$	252,103	$	257,604
Construction		-		-		-		-		1,355		1,355
Total residential mortgage loans		1,462		2,269		1,770		5,501		253,458		258,959
Commercial loans:
Real estate		5,385		196		5,053		10,634		348,073		358,707
Lines of credit		180		-		924		1,104		70,965		72,069
Other commercial and industrial		5,347		322		6,340		12,009		77,794		89,803
Paycheck Protection Program loans		-		-		-		-		158		158
Tax exempt loans		-		-		-		-		3,430		3,430
Total commercial loans		10,912		518		12,317		23,747		500,420		524,167
Consumer loans:
Home equity and junior liens		210		29		192		431		34,427		34,858
Other consumer		984		383		2,948		4,315		75,482		79,797
Total consumer loans		1,194		412		3,140		4,746		109,909		114,655
Total loans	$	13,568	$	3,199	$	17,227	$	33,994	$	863,787	$	897,781


	June 30, 2024
(In thousands)	Nonaccrual Loans		Nonaccrual loans without related allowance for credit loss		Recognized interest income
Residential mortgage loans:
1-4 family first-lien residential mortgages	$	1,737	$	69	$	32
		1,737		69		32
Commercial loans:
Real estate		6,421		715		74
Lines of credit		2,312		250		17
Other commercial and industrial		9,783		1,980		121
		18,516		2,945		212
Consumer loans:
Home equity and junior liens		175		60		4
Other consumer		4,062		2,074		3
Total consumer loans		4,237		2,134		7
Total nonaccrual loans	$	24,490	$	5,148	$	251


	December 31, 2023
(In thousands)	Nonaccrual Loans		Nonaccrual loans without related allowance for credit loss		Recognized interest income
Residential mortgage loans:
1-4 family first-lien residential mortgages	$	1,770	$	69	$	43
		1,770		69		43
Commercial loans:
Real estate		5,053		3,058		109
Lines of credit		924		-		52
Other commercial and industrial		6,340		4,079		164
		12,317		7,137		325
Consumer loans:
Home equity and junior liens		192		-		2
Other consumer		2,948		1,207		9
Total consumer loans		3,140		1,207		11
Total nonaccrual loans	$	17,227	$	8,413	$	379

At June 30, 2024, the Bank's 204 nonperforming loans represented 2.8% of total loans, with an aggregate outstanding balance of $24.5 million, as compared to 150 loans with an aggregate outstanding balance of $17.2 million at December 31, 2023. This increase in nonaccrual balances of $7.3 million was primarily the result of the downgrade of one commercial real estate loan with a balance of $1.4 million, $4.8 million in commercial lines of credit and commercial loans, $1.1 million in consumer loan relationships, and a decrease of $85,000 in other loans in the aggregate. Management is closely monitoring all nonaccrual loans and has incorporated its current estimate of the ultimate collectability of these loans into the reported allowance for credit losses at June 30, 2024.

The measurement of individually evaluated loans is generally based upon the present value of future cash flows discounted at the historical effective interest rate, except that all collateral-dependent loans are measured based on the fair value of the collateral, less costs to sell. The Company utilizes the Discounted Cash Flow (“DCF”) method for its pooled segment calculation. The DCF method implements a probability of default with loss given default and loss exposure at default

estimation. The probability of default and loss given default are applied to future cash flows that are adjusted to present value and these discounted expected losses become the Allowance for Credit Losses.

Noninterest Income

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Noninterest Income

Note 13: Noninterest Income

The Company has included the following table regarding the Company’s noninterest income for the periods presented.


	For the three months ended						For six months ended
(In thousands)	June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Service charges on deposit accounts
Insufficient funds fees	$	194		$	163		$	373		$	307
Deposit related fees		114			112			223			209
ATM fees		22			28			43			54
Total service charges on deposit accounts		330			303			639			570
Fee Income
Insurance agency revenue		260			271			657			691
Investment services revenue		115			97			257			232
ATM fees surcharge		58			59			108			107
Banking house rents collected		54			48			109			96
Total fee income		487			475			1,131			1,126
Card income
Debit card interchange fees		191			112			310			433
Merchant card fees		14			15			26			27
Total card income		205			127			336			460
Mortgage fee income and realized gains on sales of loans and foreclosed real estate
Loan servicing fees		112			67			200			139
Net gains on sales of loans and foreclosed real estate		40			117			58			142
Total mortgage fee income and realized gains on sales of loans and foreclosed real estate		152			184			258			281
Total		1,174			1,089			2,364			2,437
Earnings and gains on bank owned life insurance		167			143			324			301
Net gains (losses) on sales and redemptions of investment securities		16			-			(132	)		73
Net realized losses on sales of marketable equity securities		(139	)		(169	)		(31	)		(169	)
Non-recurring gain on lease renegotiations		-			-			245			-
Other miscellaneous (loss) income		(7	)		24			178			37
Total noninterest income	$	1,211		$	1,087		$	2,948		$	2,679

The following is a discussion of key revenues within the scope of ASC 606 guidance:

•

Service charges on deposit accounts – Revenue is earned through insufficient funds fees, customer initiated activities or passage of time for deposit related fees, and ATM service fees. Transaction-based fees are recognized at the time the transaction is executed, which is the same time the Company’s performance obligation is satisfied. Account maintenance fees are earned over the course of the month as the monthly maintenance performance obligation to the customer is satisfied.

•

Fee income – Revenue is earned through commissions on insurance and securities sales, ATM surcharge fees, and banking house rents collected. The Company earns investment advisory fee income by providing investment management services to customers under investment management contracts. As the direction of investment management accounts is provided over time, the performance obligation to investment management customers is satisfied over time, and therefore, revenue is recognized over time.

•

Card income – Card income consists of interchange fees from consumer debit card networks and other related services. Interchange rates are set by the card networks. Interchange fees are based on purchase volumes and other factors and are recognized as transactions occur.

•

Mortgage fee income and realized gain on sale of loans and foreclosed real estate – Revenue from mortgage fee income and realized gain on sale of loans and foreclosed real estate is earned through the origination of residential and commercial mortgage loans, sales of one-to-four family residential mortgage loans, sales of government

guarantees portions of Small Business Administration loans (“SBA loans”), and sales of foreclosed real estate, and is earned as the transaction occurs.

In addition to the revenue items discussed above, for the six months ended June 30, 2024, the Company recognized a non-recurring gain of $245,000 related to refunds received from cumulative lessor related pass-through operating expense charges for a single leased branch location.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Cash paid for amount included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 45	$ 54	$ 91	$ 108
Operating cash flows for finance leases	108	56	217	111
Financing cash flows for finance leases	$ 32	$ 31	$ 64	$ 62

Investment Securities - Investment Securities' Gross Unrealized Losses and Fair Value by Investment Category and Length of Time that Individual Securities Have Continuous Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2024 USD ($) Security	Dec. 31, 2023 USD ($) Security
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	29	17
Number of securities in unrealized loss positions, twelve months or more \| Security	86	97
Number of securities in unrealized loss positions \| Security	115	114
Less than twelve months Fair Value	$ 45,883	$ 32,441
Twelve months or more Fair Value	115,776	140,099
Total Fair Value	161,659	172,540
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	(461)	(366)
Twelve months or more Unrealized Losses	(10,536)	(11,351)
Total Unrealized Losses	(10,997)	(11,717)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Total Unrealized Losses	$ (10,530)	$ (11,775)
US Treasury, Agencies and GSEs [Member]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	6	3
Number of securities in unrealized loss positions, twelve months or more \| Security	4	3
Number of securities in unrealized loss positions \| Security	10	6
Less than twelve months Fair Value	$ 2,488	$ 5,990
Twelve months or more Fair Value	27,111	25,794
Total Fair Value	29,599	31,784
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	(37)	(13)
Twelve months or more Unrealized Losses	(3,758)	(3,246)
Total Unrealized Losses	$ (3,795)	$ (3,259)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	0	0
Less than twelve months Fair Value	$ 0	$ 0
Number of securities in unrealized loss positions, twelve months or more \| Security	2	2
Twelve months or more Fair Value	$ 3,350	$ 3,456
Number of securities in unrealized loss positions \| Security	2	2
Total Fair Value	$ 3,350	$ 3,456
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	0	0
Twelve months or more Unrealized Losses	(319)	(304)
Total Unrealized Losses	$ (319)	$ (304)
State and Political Subdivisions [Member]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	0	0
Number of securities in unrealized loss positions, twelve months or more \| Security	21	20
Number of securities in unrealized loss positions \| Security	21	20
Less than twelve months Fair Value	$ 0	$ 0
Twelve months or more Fair Value	25,213	26,432
Total Fair Value	25,213	26,432
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	(7)	0
Twelve months or more Unrealized Losses	$ (1,724)	(1,809)
Total Unrealized Losses		$ (1,809)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	4	4
Less than twelve months Fair Value	$ 1,387	$ 575
Number of securities in unrealized loss positions, twelve months or more \| Security	18	14
Twelve months or more Fair Value	$ 13,095	$ 12,718
Number of securities in unrealized loss positions \| Security	22	18
Total Fair Value	$ 14,482	$ 13,293
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	0	(2)
Twelve months or more Unrealized Losses	(1,990)	(1,872)
Total Unrealized Losses	$ (1,997)	$ (1,874)
Corporate [Member]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	0	3
Number of securities in unrealized loss positions, twelve months or more \| Security	4	5
Number of securities in unrealized loss positions \| Security	4	5
Less than twelve months Fair Value	$ 0	$ 0
Twelve months or more Fair Value	3,354	4,351
Total Fair Value	3,354	4,351
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	0	0
Twelve months or more Unrealized Losses	(353)	(365)
Total Unrealized Losses	$ (353)	$ (365)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	0	0
Less than twelve months Fair Value	$ 0	$ 439
Number of securities in unrealized loss positions, twelve months or more \| Security	39	39
Twelve months or more Fair Value	$ 33,527	$ 33,532
Number of securities in unrealized loss positions \| Security	39	40
Total Fair Value	$ 33,527	$ 33,971
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	0	(61)
Twelve months or more Unrealized Losses	(2,709)	(3,220)
Total Unrealized Losses	$ (2,709)	$ (3,281)
Asset Backed Securities [Member]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	1	1
Number of securities in unrealized loss positions, twelve months or more \| Security	7	10
Number of securities in unrealized loss positions \| Security	8	13
Less than twelve months Fair Value	$ 430	$ 5,907
Twelve months or more Fair Value	9,153	13,985
Total Fair Value	9,583	19,892
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	(5)	(65)
Twelve months or more Unrealized Losses	(174)	(294)
Total Unrealized Losses	$ (179)	$ (359)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	2	2
Less than twelve months Fair Value	$ 2,812	$ 2,877
Number of securities in unrealized loss positions, twelve months or more \| Security	7	8
Twelve months or more Fair Value	$ 10,538	$ 10,652
Number of securities in unrealized loss positions \| Security	9	10
Total Fair Value	$ 13,350	$ 13,529
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	(16)	(8)
Twelve months or more Unrealized Losses	(1,031)	(1,172)
Total Unrealized Losses	$ (1,047)	$ (1,180)
Residential Mortgage-Backed - US Agency [Member]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	6	1
Number of securities in unrealized loss positions, twelve months or more \| Security	12	15
Number of securities in unrealized loss positions \| Security	18	16
Less than twelve months Fair Value	$ 10,056	$ 2,477
Twelve months or more Fair Value	14,291	14,931
Total Fair Value	24,347	17,408
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	(225)	(14)
Twelve months or more Unrealized Losses	(864)	(1,071)
Total Unrealized Losses	$ (1,089)	$ (1,085)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	0	0
Less than twelve months Fair Value	$ 0	$ 0
Number of securities in unrealized loss positions, twelve months or more \| Security	7	7
Twelve months or more Fair Value	$ 4,876	$ 4,942
Number of securities in unrealized loss positions \| Security	7	7
Total Fair Value	$ 4,876	$ 4,942
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	0	0
Twelve months or more Unrealized Losses	(668)	(665)
Total Unrealized Losses	$ (668)	$ (665)
Collateralized Mortgage Obligations - US Agency [Member]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	1	0
Number of securities in unrealized loss positions, twelve months or more \| Security	11	11
Number of securities in unrealized loss positions \| Security	12	11
Less than twelve months Fair Value	$ 1,208	$ 0
Twelve months or more Fair Value	7,594	8,123
Total Fair Value	8,802	8,123
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	(5)	0
Twelve months or more Unrealized Losses	(961)	(995)
Total Unrealized Losses	$ (966)	$ (995)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	0	0
Less than twelve months Fair Value	$ 0	$ 0
Number of securities in unrealized loss positions, twelve months or more \| Security	9	10
Twelve months or more Fair Value	$ 10,695	$ 11,928
Number of securities in unrealized loss positions \| Security	9	10
Total Fair Value	$ 10,695	$ 11,928
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	0	0
Twelve months or more Unrealized Losses	(1,406)	(1,293)
Total Unrealized Losses	$ (1,406)	$ (1,293)
Collateralized Mortgage Obligations - Private Label [Member]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	15	10
Number of securities in unrealized loss positions, twelve months or more \| Security	27	33
Number of securities in unrealized loss positions \| Security	42	43
Less than twelve months Fair Value	$ 31,701	$ 18,067
Twelve months or more Fair Value	29,060	46,483
Total Fair Value	60,761	64,550
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	(189)	(274)
Twelve months or more Unrealized Losses	(2,702)	(3,571)
Total Unrealized Losses	$ (2,891)	$ (3,845)
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	0	4
Less than twelve months Fair Value	$ 0	$ 5,827
Number of securities in unrealized loss positions, twelve months or more \| Security	39	43
Twelve months or more Fair Value	$ 50,424	$ 60,260
Number of securities in unrealized loss positions \| Security	39	47
Total Fair Value	$ 50,424	$ 66,087
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	0	(38)
Twelve months or more Unrealized Losses	(2,384)	(3,140)
Total Unrealized Losses	$ (2,384)	$ (3,178)
Debt Securities [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Number of securities in unrealized loss positions, less than twelve months \| Security	6	11
Less than twelve months Fair Value	$ 4,199	$ 9,718
Number of securities in unrealized loss positions, twelve months or more \| Security	121	123
Twelve months or more Fair Value	$ 126,505	$ 137,488
Number of securities in unrealized loss positions \| Security	127	134
Total Fair Value	$ 130,704	$ 147,206
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss [Abstract]
Less than twelve months Unrealized Losses	(23)	(109)
Twelve months or more Unrealized Losses	(10,507)	(11,666)
Total Unrealized Losses	$ (10,530)	$ (11,775)

Interest Rate Derivatives - Cumulative Basis Adjustments for Fair Value Hedges (Parenthetical) (Details) - USD ($) $ in Thousands		6 Months Ended
	Apr. 07, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2029	Dec. 31, 2028	Dec. 31, 2027	Dec. 31, 2026	Dec. 31, 2025	Dec. 31, 2023	Dec. 07, 2023
Derivative [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]			Other Assets
Derivative Notional Amount	$ 100,000	$ 83,800
Debt Conversion, Converted Instrument, Expiration or Due Date, Year	2035
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate		3.208%
Interest Rate Derivatives [Member]
Derivative [Line Items]
Derivative Notional Amount		$ 82,300							$ 89,100
Derivative Asset		3,600							3,100
Increase (Decrease) in Fair Value of Interest Rate Fair Value Hedging Instruments		1,200	$ 940,000
Net Derivative Assets		3,600
Amount of designated hedging item		87,000
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Notional Amount				$ 15,000	$ 15,000	$ 10,000	$ 5,000	$ 5,000		$ 50,000
Certain Loans Acquired In Transfer Not Accounted For Debt Securities Acquired During Period Consumer At Acquisition At Fair Value		462,000
Interest Rate Swap [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate				3.845%	3.887%	3.973%	4.136%	4.463%
Loans Receivable [Member]
Derivative [Line Items]
Amount of designated hedging item		140,100
Loans Receivable [Member] \| Interest Rate Derivatives [Member]
Derivative [Line Items]
Increase (Decrease) in Fair Value of Interest Rate Fair Value Hedging Instruments		1,300	$ 796,000
Amount of designated hedging item		$ 134,800							$ 141,000

Leases

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Leases

Note 14: Leases

The Company has operating and finance leases for certain banking offices and land under noncancelable agreements. Our leases have remaining lease terms that vary from 2 years up to 29 years, some of which include options to extend the leases for various renewal periods. All options to renew are included in the current lease term when we believe it is reasonably certain that the renewal options will be exercised.

The components of lease expense are as follows:


	For the three months ended				For the six months ended
(In thousands)	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Operating lease cost	$	49	$	59	$	99	$	118
Finance lease cost		108		56		217		111

Supplemental cash flow information related to leases was as follows:


	For the three months ended				For the six months ended
(In thousands)	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Cash paid for amount included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	45	$	54	$	91	$	108
Operating cash flows for finance leases		108		56		217		111
Financing cash flows for finance leases		32		31		64		62

Supplemental balance sheet information related to leases was as follows:



(In thousands, except lease term and discount rate)	June 30, 2024			December 31, 2023
Operating Leases:
Operating lease right-of-use assets	$	1,459		$	1,526
Operating lease liabilities		1,652			1,711

Finance Leases:
Finance lease right-of-use assets	$	4,004		$	4,073
Finance lease liabilities		4,359			4,381

Weighted Average Remaining Lease Term:
Operating Leases	17.13 years			17.22 years
Finance Leases	26.84 years			27.35 years

Weighted Average Discount Rate:
Operating Leases		3.89	%		3.88	%
Finance Leases		9.40	%		9.40	%

Maturities of lease liabilities are as follows:


Twelve Months Ending June 30,
(In thousands)
2025	$	78
2026		167
2027		168
2028		177
2029		162
Thereafter		5,259
Total minimum lease payments	$	6,011

The Company owns certain properties that it leases to unaffiliated third parties at market rates. Lease rental income was $53,000 and $48,000 for the three months ended June 30, 2024 and 2023, respectively. Lease rental income was $108,000 and $96,000 for the six months ended June 30, 2024 and 2023, respectively. The lease agreements in which the Company is the lessor are a mix of operating and finance leases.

Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Operating Leases:
Operating lease right-of-use assets	$ 1,459	$ 1,526
Operating lease liabilities	1,652	1,711
Finance Leases:
Finance lease right-of-use assets	$ 4,004	$ 4,073
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Finance lease liabilities	$ 4,359	$ 4,381
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Weighted Average Remaining Lease Term:
Operating Leases	17 years 1 month 17 days	17 years 2 months 19 days
Finance Leases	26 years 10 months 2 days	27 years 4 months 6 days
Weighted Average Discount Rate:
Operating Leases	3.89%	3.88%
Finance Leases	9.40%	9.40%

Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Loans to Related Parties

The following represents the activity associated with loans to related parties during the six months ended June 30, 2024 and the year ended December 31, 2023:


	June 30,			December 31,
(In thousands)		2024			2023
Balance at the beginning of the year	$	32,742		$	32,531
Originations and related party additions		800			4,360
Principal payments and related party removals		(5,491	)		(4,149	)
Balance at the end of the period	$	28,051		$	32,742

Earnings per Common Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Earnings per Common Share

Note 3: Earnings per Common Share

Following shareholder approval received on June 4, 2021, the Company converted 1,380,283 shares of its Series B Convertible Perpetual Preferred Stock ("Convertible Perpetual Preferred Stock") to an equal number of shares of its newly-created Series A Non-Voting Common Stock. The conversion, which was effective on June 28, 2021, represented 100% of the Company's Convertible Perpetual Preferred Stock outstanding at the time of the conversion and retired the Convertible Perpetual Preferred Stock in perpetuity.

The Company has voting common stock, non-voting common stock and a warrant that are all eligible to participate in dividends equal to the voting common stock dividends on a per share basis. Securities that participate in dividends, such as the Company’s non-voting common stock and warrant, are considered “participating securities”. The Company calculates net income available to voting common shareholders using the two-class method required for capital structures that include participating securities.

In applying the two-class method, basic net income per share was calculated by dividing net income (less any dividends on participating securities) by the weighted average number of shares of voting common stock and participating securities outstanding for the period. Diluted earnings per share may include the additional effect of other securities, if dilutive, in which case the dilutive effect of such securities is calculated by applying either the two-class method or the Treasury Stock method to the assumed exercise or vesting of potentially dilutive common shares. The method yielding the more dilutive result is ultimately reported for the applicable period. Potentially dilutive common stock equivalents primarily consist of employee stock options and restricted stock units. Unallocated common shares held by the ESOP are not included in the weighted average number of common shares outstanding for purposes of calculating earnings per common share until they are committed to be released to plan participants.

Anti-dilutive shares are common stock equivalents with average exercise prices in excess of the weighted average market price for the period presented. Anti-dilutive stock options, not included in the computation below, were -0- for the three and six months ended June 30, 2024, and June 30, 2023, respectively.

The following table sets forth the calculation of basic and diluted earnings per share.


	Three months ended				Six months ended
	June 30,				June 30,
(In thousands, except share and per share data)	2024		2023		2024		2023
Net income attributable to Pathfinder Bancorp, Inc.	$	2,000	$	1,982	$	4,120	$	4,581
Series A Non-Voting Common Stock dividends		138		124		276		248
Warrant dividends		13		11		25		23
Undistributed earnings allocated to participating securities		334		350		697		854
Net income available to common shareholders-Voting	$	1,515	$	1,497	$	3,122	$	3,456

Net income attributable to Pathfinder Bancorp, Inc.	$	2,000	$	1,982	$	4,120	$	4,581
Voting Common Stock dividends		471		419		943		834
Warrant dividends		13		11		25		23
Undistributed earnings allocated to participating securities		1,072		1,107		2,237		2,693
Net income available to common shareholders-Series A Non-Voting	$	444	$	445	$	915	$	1,031

Basic and diluted weighted average common shares outstanding-Voting		4,708		4,639		4,704		4,624
Basic and diluted weighted average common shares outstanding-Series A Non-Voting		1,380		1,380		1,380		1,380

Basic and diluted earnings per common share-Voting	$	0.32	$	0.32	$	0.66	$	0.75
Basic and diluted earnings per common share-Series A Non-Voting	$	0.32	$	0.32	$	0.66	$	0.75

Noninterest Income (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Summary of Noninterest Income

The Company has included the following table regarding the Company’s noninterest income for the periods presented.


	For the three months ended						For six months ended
(In thousands)	June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Service charges on deposit accounts
Insufficient funds fees	$	194		$	163		$	373		$	307
Deposit related fees		114			112			223			209
ATM fees		22			28			43			54
Total service charges on deposit accounts		330			303			639			570
Fee Income
Insurance agency revenue		260			271			657			691
Investment services revenue		115			97			257			232
ATM fees surcharge		58			59			108			107
Banking house rents collected		54			48			109			96
Total fee income		487			475			1,131			1,126
Card income
Debit card interchange fees		191			112			310			433
Merchant card fees		14			15			26			27
Total card income		205			127			336			460
Mortgage fee income and realized gains on sales of loans and foreclosed real estate
Loan servicing fees		112			67			200			139
Net gains on sales of loans and foreclosed real estate		40			117			58			142
Total mortgage fee income and realized gains on sales of loans and foreclosed real estate		152			184			258			281
Total		1,174			1,089			2,364			2,437
Earnings and gains on bank owned life insurance		167			143			324			301
Net gains (losses) on sales and redemptions of investment securities		16			-			(132	)		73
Net realized losses on sales of marketable equity securities		(139	)		(169	)		(31	)		(169	)
Non-recurring gain on lease renegotiations		-			-			245			-
Other miscellaneous (loss) income		(7	)		24			178			37
Total noninterest income	$	1,211		$	1,087		$	2,948		$	2,679

Interest Rate Derivatives - Cumulative Basis Adjustments for Fair Value Hedges (Details) - Interest Rate Derivatives [Member] - USD ($)
$ in Thousands

Jun. 30, 2024

Dec. 31, 2023

Available for Sale Securities [Member]

Derivative [Line Items]

Average Notional Balance

^[1]

$ 86,978

$ 95,887

Cumulative Amount of Fair Value Hedging Adjustment Included in The Carrying Amount of the Hedged Assets

^[1]

3,565

3,113

Loans Receivable [Member]

Derivative [Line Items]

Average Notional Balance

^[2]

140,092

156,836

Cumulative Amount of Fair Value Hedging Adjustment Included in The Carrying Amount of the Hedged Assets

^[2]

$ 3,573

$ 620

[1]

The $87.0 million carrying amount of hedged assets represents the hedge-adjusted amortized cost basis of specifically-identified municipal and GSE-backed securities designated as the underlying assets for the hedging relationships. The notional amount of the designated hedges were $82.3 million and $89.1 million at June 30, 2024 and December 31, 2023, respectively. The fair value of the derivatives (an unrealized gain, receivable from derivative counterparties) recorded in other assets resulted in a net asset position of $3.6 million and $3.1 million at June 30, 2024 and December 31, 2023, respectively. The Company's participation in fair value hedging transactions increased investment security interest income by $1.2 million and $940,000 at June 30, 2024 and June 30, 2023, respectively.

[2]

The $140.1 million carrying amount of hedged assets represents the hedge-adjusted amortized cost of a designated pool of residential
mortgages and the aggregate hedge-adjusted amortized cost of four specified purchased consumer loan pools. These pools of loans were
designated as the underlying assets for the hedging relationships in which the hedged underlying asset's notional amounts were the amortized cost projected to be remaining at the end of the contractual term of the hedging instruments. The amount of the designated hedged items were $134.8 million and $141.0 million at June 30, 2024 and December 31, 2023, respectively. At June 30, 2024, the fair value of the derivatives recorded in other assets (an unrealized gain, receivable from derivative counterparties) resulted in a net asset position of $3.6 million, recorded by the Company in other assets. The Company’s participation in fair value hedging transactions increased interest income by $1.3 million and $796,000, for the periods ended June 30, 2024 and June 30, 2023, respectively. Details of the two hedging strategies, in place at June 30, 2024 are presented below:

On April 7, 2023 the Bank entered into an amortizing swap transaction with an initial notional amount of $100.0 million whereby
the Bank will receive on a monthly basis a rate equal to the prevailing 3-month SOFR based on the notional amount of the swap contract at the at the beginning of each month until the swap transaction expires in 2035. The notional amount of the swap declines monthly according to a predetermined amortization schedule and was $83.8 million at June 30, 2024. The Bank will pay a fixed rate of 3.208% to the contract's counterparty throughout the life of the contract based on a notional amount of the swap contract at the beginning of each month. The fair value of this swap contract was $3.1 million at June 30, 2024.

On December 7, 2023, the Bank entered into five fixed-pay interest rate swap contracts with a total notional amount of $50.0
million, whereby the Bank will receive 3-month SOFR monthly until the respective maturity dates of the contracts. The contracts
expire in annual increments on December 1 of 2025 ($5.0 million, fixed rate of 4.463%), 2026 ($5.0 million, fixed rate of 4.136%), 2027 ($10.0 million, fixed rate of 3.973%), 2028 ($15.0 million, fixed rate of 3.887%), and 2029 ($15.0 million, fixed rate of 3.845%). The fair value of these swap contracts in aggregate was $462,000 at June 30, 2024.

Accumulated Other Comprehensive (Loss) Income (Tables)

6 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax

Changes in the components of accumulated other comprehensive (loss) income (“AOCI”), net of tax, for the periods indicated are summarized in the tables below.


	For the three months ended June 30, 2024
(In thousands)	Net Unrealized Loss on Retirement Plans			Unrealized Loss on Available-for-Sale Securities			Unrealized Gain on Derivatives and Hedging Activities		Total
Beginning balance	$	(2,046	)	$	(7,227	)	$	411	$	(8,862	)
Other comprehensive (loss) income before reclassifications		-			(47	)		106		59
Amounts reclassified from AOCI		28			(11	)		-		17
Ending balance	$	(2,018	)	$	(7,285	)	$	517	$	(8,786	)


	For the three months ended June 30, 2023
(In thousands)	Net Unrealized Loss on Retirement Plans			Unrealized Loss on Available-for-Sale Securities			Unrealized Gain on Derivatives and Hedging Activities			Total
Beginning balance	$	(2,386	)	$	(9,075	)	$	(73	)	$	(11,534	)
Other comprehensive (loss) income before reclassifications		-			(420	)		543			123
Amounts reclassified from AOCI		41			-			-			41
Ending balance	$	(2,345	)	$	(9,495	)	$	470		$	(11,370	)


	For the six months ended June 30, 2024
(In thousands)	Net Unrealized Loss on Retirement Plans			Unrealized Loss on Available-for-Sale Securities			Unrealized Gain on Derivatives and Hedging Activities		Total
Beginning balance	$	(2,073	)	$	(7,564	)	$	32	$	(9,605	)
Other comprehensive income before reclassifications		-			176			485		661
Amounts reclassified from AOCI		55			103			-		158
Ending balance	$	(2,018	)	$	(7,285	)	$	517	$	(8,786	)


	For the six months ended June 30, 2023
(In thousands)	Net Unrealized Loss on Retirement Plans			Unrealized Loss on Available-for-Sale Securities			Unrealized Gain on Derivatives and Hedging Activities		Total
Beginning balance	$	(2,427	)	$	(10,127	)	$	382	$	(12,172	)
Other comprehensive (loss) income before reclassifications		-			(796	)		88		(708	)
Amounts reclassified from AOCI		82			1,428			-		1,510
Ending balance	$	(2,345	)	$	(9,495	)	$	470	$	(11,370	)

Schedule of Amounts Reclassified Out of Each Component of AOCI

The following table presents the amounts reclassified out of each component of AOCI for the indicated periods:


		Amount Reclassified						Amount Reclassified
		from AOCI (1)						from AOCI (1)
		(Unaudited)						(Unaudited)
(In thousands)		For the three months ended						For the six months ended
Details about AOCI (1) components	Affected Line Item in the Statement of Income	June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Retirement plan items
Retirement plan net (losses) recognized in plan expenses (2)	Salaries and employee benefits	$	(38	)	$	(56	)	$	(75	)	$	(111	)
Tax effect	Provision for income taxes		10			15			20			29
	Net Income	$	(28	)	$	(41	)	$	(55	)	$	(82	)
Available-for-sale securities
Realized gains (losses) on sale of securities	Net gains on sales and redemptions of investment securities	$	15		$	-		$	(139	)	$	(1,933	)
Tax effect	Provision for income taxes		(4	)		-			36			505
	Net Income	$	11		$	-		$	(103	)	$	(1,428	)

(1)

Amounts in parentheses indicates debits in net income.

(2)

These items are included in net periodic pension cost.

See Note 5 for additional information.

Investment Securities - Schedule of Amortized Cost of Debt Securities Categorized as Held-to-maturity Aggregated by Credit Quality (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 166,564	$ 179,637
AAA or equivalent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	37,178	42,476
AA or equivalent, includes securities issued by the United States Government or Government Sponsored Enterprises
Financing Receivable, Credit Quality Indicator [Line Items]
Total	44,731	49,479
A or equivalent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	14,719	19,021
BBB or equivalent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	20,784	16,304
BB or equivalent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	985	983
Unrated
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 48,167	$ 51,374

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Lease, Cost [Abstract]
Operating lease cost	$ 49	$ 59	$ 99	$ 118
Finance lease cost	$ 108	$ 56	$ 217	$ 111

Consolidated Statements of Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS:
Held-to-maturity securities, at amortized cost fair value	$ 156,280	$ 168,034
Voting Common Stock [Member]
Shareholders' equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock, shares issued (in shares)	4,719,788	4,719,288
Common stock, shares outstanding (in shares)	4,719,788	4,719,288
Non-Voting Common Stock [Member]
Shareholders' equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,505,283	1,505,283
Common stock, shares issued (in shares)	1,380,283	1,380,283
Common stock, shares outstanding (in shares)	1,380,283	1,380,283

Related Party Transactions - Schedule of Loans to Related Parties (Details) - Directors, Executive Officers and Affiliates [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Loans to Related Parties [Roll Forward]
Balance at the beginning of the year	$ 32,742	$ 32,531
Originations and related party additions	800	4,360
Principal payments and related party removals	(5,491)	(4,149)
Balance at the end of the period	$ 28,051	$ 32,742

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Unearned ESOP Shares [Member]	Non-controlling Interest [Member]	Non-Voting Common Stock [Member] Common Stock [Member]
Beginning balance at Dec. 31, 2022	$ 111,582	$ 47	$ 52,101	$ 71,322	$ (12,172)	$ (315)	$ 585	$ 14
Net income	4,650			4,581			69
Other comprehensive income, net of tax	802				802
ESOP shares earned	202		112			90
Stock based compensation	64		64
Stock options exercised	368		368
Common stock dividends declared	(834)			(834)
Non-Voting common stock dividends declared	(248)			(248)
Warrant dividends declared	(23)			(23)
Cumulative effect of affiliate capital allocation	0		0
Distributions from affiliates	0		0
Adoption of ASU 2016-13 Current Expected Credit Losses	(2,134)			(2,134)
Ending balance at Jun. 30, 2023	114,429	47	52,645	72,664	(11,370)	(225)	654	14
Beginning balance at Mar. 31, 2023	112,361	47	52,207	71,236	(11,534)	(270)	661	14
Net income	1,975			1,982			(7)
Other comprehensive income, net of tax	164				164
ESOP shares earned	87		42			45
Stock based compensation	28		28
Common stock dividends declared	(419)		0	(419)
Non-Voting common stock dividends declared	(124)			(124)
Warrant dividends declared	(11)			(11)
Adoption of ASU 2016-13 Current Expected Credit Losses	0		0
Ending balance at Jun. 30, 2023	114,429	47	52,645	72,664	(11,370)	(225)	654	14
Beginning balance at Dec. 31, 2023	120,256	47	53,114	76,060	(9,605)	(135)	761	14
Net income	4,185			4,120			65
Other comprehensive income, net of tax	819				819
ESOP shares earned	153		63			90
Stock options exercised	5		5
Common stock dividends declared	(943)			(943)
Non-Voting common stock dividends declared	(276)			(276)
Warrant dividends declared	(25)			(25)
Cumulative effect of affiliate capital allocation	0		0
Distributions from affiliates	0		0
Ending balance at Jun. 30, 2024	124,174	47	53,182	78,936	(8,786)	(45)	826	14
Beginning balance at Mar. 31, 2024	122,632	47	53,151	77,558	(8,862)	(90)	814	14
Net income	2,012			2,000			12
Other comprehensive income, net of tax	76				76
ESOP shares earned	76		31			45
Stock options exercised	0		0
Common stock dividends declared	(471)			(471)
Non-Voting common stock dividends declared	(138)			(138)
Warrant dividends declared	(13)			(13)
Ending balance at Jun. 30, 2024	$ 124,174	$ 47	$ 53,182	$ 78,936	$ (8,786)	$ (45)	$ 826	$ 14

Basis of Presentation

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Note 1: Basis of Presentation

The accompanying unaudited consolidated financial statements of Pathfinder Bancorp, Inc., (the “Company”), Pathfinder Bank (the “Bank”) and its other wholly owned subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information, the instructions for Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes necessary for a complete presentation of consolidated financial condition, results of operations and cash flows in conformity with generally accepted accounting principles. In the opinion of management, all adjustments, consisting of normal recurring accruals considered necessary for a fair presentation, have been included. Certain amounts in the 2023 consolidated financial statements may have been reclassified to conform to the current period presentation. These reclassifications had no effect on net income or comprehensive income as previously reported. Operating results for the three and six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024 or any other interim period.

The Company's consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States and follow practices within the banking industry. Application of these principles requires management to make estimates, assumptions, and judgments that affect the amounts reported in the consolidated financial statements and accompanying notes. These estimates, assumptions, and judgments are based on information available as of the date of the consolidated financial statements; accordingly, as this information changes, the consolidated financial statements could reflect different estimates, assumptions, and judgments. Certain accounting policies inherently have a greater reliance on the use of estimates, assumptions, and judgments and as such, have a greater possibility of producing results that could be materially different than originally reported. Estimates, assumptions, and judgments are necessary when assets and liabilities are required to be recorded at fair value or when an asset or liability needs to be recorded contingent upon a future event. Carrying assets and liabilities at fair value inherently results in more financial statement volatility. The fair values and information used to record valuation adjustments for certain assets and liabilities are based on quoted market prices or are provided by unaffiliated third-party sources, when available. When third party information is not available, valuation adjustments are estimated in good faith by management.

Although the Company owns, through its wholly owned subsidiary Pathfinder Risk Management Company, Inc., 51% of the membership interest in FitzGibbons Agency, LLC (“Agency”), the Company is required to consolidate 100% of the Agency within the consolidated financial statements. The 49% of which the Company does not own is accounted for separately as noncontrolling interests within the consolidated financial statements.

Related Party Transactions

6 Months Ended

Jun. 30, 2024

Related Party Transactions

Note 15: Related Party Transactions

In the ordinary course of business, the Company has granted loans to certain directors, executive officers and their affiliates (collectively referred to as “related parties”). None of the related party loans were classified as nonaccrual, past due, restructured, or potential problem loans at June 30, 2024 or December 31, 2023.

The following represents the activity associated with loans to related parties during the six months ended June 30, 2024 and the year ended December 31, 2023:


	June 30,			December 31,
(In thousands)		2024			2023
Balance at the beginning of the year	$	32,742		$	32,531
Originations and related party additions		800			4,360
Principal payments and related party removals		(5,491	)		(4,149	)
Balance at the end of the period	$	28,051		$	32,742

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule Of Fair Value of Assets on Recurring Basis Segregated by Level of Valuation Inputs


	June 30, 2024
							Total Fair
(In thousands)	Level 1		Level 2		Level 3		Value
Available-for-Sale Portfolio
Debt investment securities:
US Treasury, agencies and GSEs	$	-	$	84,809	$	-	$	84,809
State and political subdivisions		-		28,576		-		28,576
Corporate		-		6,599		-		6,599
Asset backed securities		-		17,890		-		17,890
Residential mortgage-backed - US agency		-		31,984		-		31,984
Collateralized mortgage obligations - US agency		-		14,650		-		14,650
Collateralized mortgage obligations - Private label		-		85,971		-		85,971
Total				270,479				270,479
Equity investment securities:
Common stock - financial services industry		206		-		-		206
Other Securities:
Corporate issuances measured at NAV		-		-		-		4,292
Total available-for-sale securities	$	206	$	270,479	$	-	$	274,977

Marketable equity securities measured at NAV	$	-	$	-	$	-	$	3,793

Interest rate swap derivative fair value hedges (unrealized gain carried as receivable from derivative counterparties)	$	-	$	7,138	$	-	$	7,138


	December 31, 2023
							Total Fair
(In thousands)	Level 1		Level 2		Level 3		Value
Available-for-Sale Portfolio
Debt investment securities:
US Treasury, agencies and GSEs	$	-	$	80,083	$	-	$	80,083
State and political subdivisions		-		32,924		-		32,924
Corporate		-		6,576		-		6,576
Asset backed securities		-		19,892		-		19,892
Residential mortgage-backed - US agency		-		24,418		-		24,418
Collateralized mortgage obligations - US agency		-		12,179		-		12,179
Collateralized mortgage obligations - Private label		-		78,095		-		78,095
Total		-		254,167		-		254,167
Equity investment securities:
Common stock - financial services industry		206		-		-		206
Other Securities:
Corporate issuances measured at NAV		-		-		-		4,343
Total available-for-sale securities	$	206	$	254,167	$	-	$	258,716

Marketable equity securities measured at NAV	$	-	$	-	$	-	$	3,206

Interest rate swap derivative fair value hedges (unrealized gain carried as receivable from derivative counterparties)	$	-	$	5,160	$	-	$	5,160

Interest rate swap derivative cash flow hedges (unrealized gain carried as receivable from derivative counterparties)	$	-	$	45	$	-	$	45

Schedule Of Fair Value Assets Measured on Nonrecurring Basis

Pathfinder Bank had the following assets measured at fair value on a nonrecurring basis as of June 30, 2024 and December 31, 2023:


			June 30, 2024
							Total Fair
(In thousands)	Level 1		Level 2		Level 3		Value
Individually evaluated loans	$	-	$	-	$	10,991	$	10,991
Foreclosed real estate	$	-	$	-	$	60	$	60


			December 31, 2023
							Total Fair
(In thousands)	Level 1		Level 2		Level 3		Value
Individually evaluated loans	$	-	$	-	$	9,722	$	9,722
Foreclosed real estate	$	-	$	-	$	151	$	151

Schedule Of Fair Value Inputs, Quantitative Information


		Quantitative Information about Level 3 Fair Value Measurements
	Valuation	Unobservable	Range
	Techniques	Input	(Weighted Avg.)
At June 30, 2024
Individually evaluated loans	Appraisal of collateral	Discounted Cash Flow	12% - 50% (26%)
Foreclosed real estate	Appraisal of collateral	Costs to Sell	21% - 24% (22%)


		Quantitative Information about Level 3 Fair Value Measurements
	Valuation	Unobservable	Range
	Techniques	Input	(Weighted Avg.)
At December 31, 2023
Individually evaluated loans	Appraisal of collateral	Discounted Cash Flow	10% - 75% (21%)
Foreclosed real estate	Appraisal of collateral	Costs to Sell	21% - 24% (22%)

Schedule Of Carrying Amounts and Fair Value of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments as of the indicated dates are presented in the following table:


		June 30, 2024				December 31, 2023
	Fair Value	Carrying		Estimated		Carrying		Estimated
(In thousands)	Hierarchy	Amounts		Fair Values		Amounts		Fair Values
Financial assets:
Cash and cash equivalents	1	$	31,819	$	31,819	$	48,732	$	48,732
Investment securities - available-for-sale	2		270,479		270,479		254,167		254,167
Investment securities - available-for-sale	NAV		4,292		4,292		4,343		4,343
Investment securities - marketable equity	NAV		3,793		3,793		3,206		3,206
Investment securities - held-to-maturity	2		166,271		156,280		179,286		168,034
Federal Home Loan Bank stock	2		8,702		8,702		8,748		8,748
Net loans	3		871,371		817,057		881,232		823,052
Accrued interest receivable	1		7,076		7,076		7,286		7,286
Interest rate derivative cash flow hedge receivable/(payable)	2		-		-		45		45
Interest rate derivative fair value hedges receivable - AFS investments	2		3,565		3,565		3,113		3,113
Interest rate derivative fair value hedges receivable - loans	2		3,573		3,573		2,047		1,477

Financial liabilities:
Demand Deposits, Savings, NOW and MMDA	1	$	575,993	$	575,993	$	607,301	$	607,301
Time Deposits	2		525,284		524,705		512,766		517,514
Borrowings	2		173,446		172,381		175,599		174,071
Subordinated debt	2		30,008		28,276		29,914		28,026
Accrued interest payable	1		2,092		2,092		2,245		2,245

Investment Securities - Amortized Cost and Estimated Fair Value of Investment Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities and Held-to-Maturity Securities [Line Items]
Totals, amortized cost	$ 284,635	$ 268,751
Gross Unrealized Gains, Debt investment securities	1,133	1,476
Gross Unrealized Losses, Debt investment securities	(10,997)	(11,717)
Available-for-sale Securities, Debt investment securities	274,771	258,510
Amortized cost, equity securities	206	206
Gross Unrealized Gains, Equity investment securities	0	0
Gross Unrealized Losses, Equity investment securities	0	0
Available-for-sale Securities, Equity investment securities	206	206
Total investment securities, amortized cost basis	284,841	268,957
Gross Unrealized Gains	1,133	1,476
Gross Unrealized Losses	(10,997)	(11,717)
Estimated Fair Value	274,977	258,716
Total	166,564	179,637
Less: Allowance for credit losses	293	351
Total available-for-sale	166,271	179,286
Held to maturity, gross unrealized gains	246	172
Held to maturity, gross unrealized losses	(10,530)	(11,775)
Held-to-maturity Securities, Debt Maturities, Fair Value	156,280	168,034
US Treasury, Agencies and GSEs [Member]
Schedule of Available-for-sale Securities and Held-to-Maturity Securities [Line Items]
Totals, amortized cost	88,074	82,588
Gross Unrealized Gains, Debt investment securities	530	754
Gross Unrealized Losses, Debt investment securities	(3,795)	(3,259)
Available-for-sale Securities, Debt investment securities	84,809	80,083
Total available-for-sale	3,670	3,760
Held to maturity, gross unrealized gains	0	0
Held to maturity, gross unrealized losses	(319)	(304)
Held-to-maturity Securities, Debt Maturities, Fair Value	3,351	3,456
State and Political Subdivisions [Member]
Schedule of Available-for-sale Securities and Held-to-Maturity Securities [Line Items]
Totals, amortized cost	30,189	34,588
Gross Unrealized Gains, Debt investment securities	111	145
Gross Unrealized Losses, Debt investment securities	(1,724)	(1,809)
Available-for-sale Securities, Debt investment securities	28,576	32,924
Total available-for-sale	17,496	16,576
Held to maturity, gross unrealized gains	10	28
Held to maturity, gross unrealized losses	(1,997)	(1,874)
Held-to-maturity Securities, Debt Maturities, Fair Value	15,509	14,730
Corporate [Member]
Schedule of Available-for-sale Securities and Held-to-Maturity Securities [Line Items]
Totals, amortized cost	10,985	11,008
Gross Unrealized Gains, Debt investment securities	259	276
Gross Unrealized Losses, Debt investment securities	(353)	(365)
Available-for-sale Securities, Debt investment securities	10,891	10,919
Total available-for-sale	44,410	45,427
Held to maturity, gross unrealized gains	32	9
Held to maturity, gross unrealized losses	(2,709)	(3,281)
Held-to-maturity Securities, Debt Maturities, Fair Value	41,733	42,155
Asset Backed Securities [Member]
Schedule of Available-for-sale Securities and Held-to-Maturity Securities [Line Items]
Totals, amortized cost	18,031	20,251
Gross Unrealized Gains, Debt investment securities	38	0
Gross Unrealized Losses, Debt investment securities	(179)	(359)
Available-for-sale Securities, Debt investment securities	17,890	19,892
Total available-for-sale	16,390	16,860
Held to maturity, gross unrealized gains	0	0
Held to maturity, gross unrealized losses	(1,047)	(1,180)
Held-to-maturity Securities, Debt Maturities, Fair Value	15,343	15,680
Residential Mortgage-Backed - US Agency [Member]
Schedule of Available-for-sale Securities and Held-to-Maturity Securities [Line Items]
Totals, amortized cost	33,036	25,446
Gross Unrealized Gains, Debt investment securities	37	57
Gross Unrealized Losses, Debt investment securities	(1,089)	(1,085)
Available-for-sale Securities, Debt investment securities	31,984	24,418
Total available-for-sale	6,823	6,974
Held to maturity, gross unrealized gains	22	15
Held to maturity, gross unrealized losses	(668)	(665)
Held-to-maturity Securities, Debt Maturities, Fair Value	6,177	6,324
Collateralized Mortgage Obligations - US Agency [Member]
Schedule of Available-for-sale Securities and Held-to-Maturity Securities [Line Items]
Totals, amortized cost	15,550	13,058
Gross Unrealized Gains, Debt investment securities	66	116
Gross Unrealized Losses, Debt investment securities	(966)	(995)
Available-for-sale Securities, Debt investment securities	14,650	12,179
Total available-for-sale	12,762	13,221
Held to maturity, gross unrealized gains	1	0
Held to maturity, gross unrealized losses	(1,406)	(1,293)
Held-to-maturity Securities, Debt Maturities, Fair Value	11,357	11,928
Collateralized Mortgage Obligations - Private Label [Member]
Schedule of Available-for-sale Securities and Held-to-Maturity Securities [Line Items]
Totals, amortized cost	88,770	81,812
Gross Unrealized Gains, Debt investment securities	92	128
Gross Unrealized Losses, Debt investment securities	(2,891)	(3,845)
Available-for-sale Securities, Debt investment securities	85,971	78,095
Total available-for-sale	65,013	76,819
Held to maturity, gross unrealized gains	181	120
Held to maturity, gross unrealized losses	(2,384)	(3,178)
Held-to-maturity Securities, Debt Maturities, Fair Value	62,810	73,761
Mutual funds Common Stock Financial Services Industry [Member]
Schedule of Available-for-sale Securities and Held-to-Maturity Securities [Line Items]
Amortized cost, equity securities	206	206
Gross Unrealized Gains, Equity investment securities	0	0
Gross Unrealized Losses, Equity investment securities	0	0
Available-for-sale Securities, Equity investment securities	$ 206	$ 206

Pension and Postretirement Benefits

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Pension and Postretirement Benefits

Note 5: Pension and Postretirement Benefits

The Company has a noncontributory defined benefit pension plan covering most employees. The plan provides defined benefits based on years of service and final average salary. On May 14, 2012, the Company informed its employees of its decision to freeze participation and benefit accruals under the plan, primarily to reduce some of the volatility in earnings that can accompany the maintenance of a defined benefit plan. The plan was frozen on June 30, 2012. Compensation earned by employees up to June 30, 2012 is used for purposes of calculating benefits under the plan but there are no future

benefit accruals after this date. Participants as of June 30, 2012 will continue to earn vesting credit with respect to their frozen accrued benefits as they continue to work. In addition, the Company provides certain health and life insurance benefits for a limited number of eligible retired employees. The healthcare plan is contributory with participants’ contributions adjusted annually; the life insurance plan is noncontributory. Employees with less than 14 years of service as of January 1, 1995, are not eligible for the health and life insurance retirement benefits.

The composition of net periodic pension plan and postretirement plan costs for the indicated periods is as follows:


	Pension Benefits						Postretirement Benefits						Pension Benefits						Postretirement Benefits
	For the three months ended June 30,												For the six months ended June 30,
(In thousands)	2024			2023			2024			2023			2024			2023			2024			2023
Service cost	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Interest cost		139			141			1			2			278			281			3			4
Expected return on plan assets		(253	)		(242	)		-			-			(506	)		(483	)		-			-
Amortization of prior service credits		-			-			(1	)		(1	)		-			-			(2	)		(2	)
Amortization of net losses		39			58			-			(2	)		79			114			(1	)		(3	)
Net periodic benefit plan (benefit) cost	$	(75	)	$	(43	)	$	-		$	(1	)	$	(149	)	$	(88	)	$	-		$	(1	)

The Company will evaluate the need for further contributions to the defined benefit pension plan during 2024. The prepaid pension asset of $7.8 million and $7.5 million as of June 30, 2024 and December 31, 2023 respectively, is recorded in other assets on the consolidated statements of condition.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

+ Details

Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Lessee, Operating Lease, Liability, to be Paid, Rolling Maturity [Abstract]
2025	$ 78
2026	167
2027	168
2028	177
2029	162
Thereafter	5,259
Total minimum lease payments	$ 6,011

Loans - Summary of Nonaccrual Loans Segregated by Class of Loan (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Nonaccrual loans, Segregated by class of loans [Abstract]
Nonaccrual status loans	$ 24,490	$ 17,227
Nonaccrual loans without related allowance for credit loss	5,148	8,413
Recognized interest income	251	379
Residential Mortgage Loans [Member]
Nonaccrual loans, Segregated by class of loans [Abstract]
Nonaccrual status loans	1,737	1,770
Nonaccrual loans without related allowance for credit loss	69	69
Recognized interest income	32	43
Residential Mortgage Loans [Member] \| Residential 1-4 Family First Mortgages [Member]
Nonaccrual loans, Segregated by class of loans [Abstract]
Nonaccrual status loans	1,737	1,770
Nonaccrual loans without related allowance for credit loss	69	69
Recognized interest income	32	43
Commercial Loans [Member]
Nonaccrual loans, Segregated by class of loans [Abstract]
Nonaccrual status loans	18,516	12,317
Nonaccrual loans without related allowance for credit loss	2,945	7,137
Recognized interest income	212	325
Commercial Loans [Member] \| Real Estate [Member]
Nonaccrual loans, Segregated by class of loans [Abstract]
Nonaccrual status loans	6,421	5,053
Nonaccrual loans without related allowance for credit loss	715	3,058
Recognized interest income	74	109
Commercial Loans [Member] \| Lines of Credit [Member]
Nonaccrual loans, Segregated by class of loans [Abstract]
Nonaccrual status loans	2,312	924
Nonaccrual loans without related allowance for credit loss	250	0
Recognized interest income	17	52
Commercial Loans [Member] \| Other Commercial and Industrial [Member]
Nonaccrual loans, Segregated by class of loans [Abstract]
Nonaccrual status loans	9,783	6,340
Nonaccrual loans without related allowance for credit loss	1,980	4,079
Recognized interest income	121	164
Consumer Loans [Member]
Nonaccrual loans, Segregated by class of loans [Abstract]
Nonaccrual status loans	4,237	3,140
Nonaccrual loans without related allowance for credit loss	2,134	1,207
Recognized interest income	7	11
Consumer Loans [Member] \| Home Equity and Junior Liens [Member]
Nonaccrual loans, Segregated by class of loans [Abstract]
Nonaccrual status loans	175	192
Nonaccrual loans without related allowance for credit loss	60	0
Recognized interest income	4	2
Consumer Loans [Member] \| Other Consumer [Member]
Nonaccrual loans, Segregated by class of loans [Abstract]
Nonaccrual status loans	4,062	2,948
Nonaccrual loans without related allowance for credit loss	2,074	1,207
Recognized interest income	$ 3	$ 9

Interest Rate Derivatives

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Interest Rate Derivatives

Note 11: Interest Rate Derivatives

The Company is exposed to certain risks relate to both its business operations and changes in economic conditions. As part of managing interest rate risk, the Company periodically enters into standardized interest rate derivative contracts (designated as hedging agreements) to modify the repricing characteristics of certain portions of the Company’s earning assets and interest-bearing liabilities portfolios. The Company designates interest rate hedging agreements utilized in the management of interest rate risk as either fair value hedges or cash flow hedges. Interest rate hedging agreements are recorded at fair value as other assets or liabilities. The Company had no material derivative contracts not designated as hedging agreements at June 30, 2024 or December 31, 2023.

As a result of interest rate fluctuations, fixed-rate interest-earning assets and interest-bearing liabilities will appreciate or depreciate in fair value. When effectively hedged, this fair value appreciation or depreciation will generally be offset by substantially identical changes in the fair value of derivative instruments that are linked to the hedged assets and liabilities. This strategy is referred to as fair value hedging and the derivative instruments employed in this strategy are therefore designated as fair value hedges. In a fair value hedge, the fair value of the derivative (the interest rate hedging agreement) is recorded in the Company’s consolidated balance sheet with the corresponding gain or loss recognized as an adjustment to the carrying balance of the hedged asset or liability. Changes in the correlation between the hedging instrument and the hedged asset or liability that give rise to differences between the changes in the fair value of the interest rate hedging agreements and the hedged items represents hedge ineffectiveness and are recorded as adjustments to the interest income or interest expense of the respective hedged instrument. In the case of pay-fixed or receive-fixed interest rate swap agreements, designated as fair value hedges, the periodic difference in the net cash flows due to (due from) the Company from (to) a counterparty are recorded in current period earnings as adjustments to the interest income or interest expense of the respective hedged asset or liability.

Cash flows related to floating rate assets and liabilities will fluctuate with changes in underlying rate indices. When effectively hedged, the increases or decreases in cash flows related to the floating-rate asset or liability will generally be offset by changes in cash flows of the derivative instruments designated as a hedge. This strategy is referred to as cash flow hedging and the derivative instruments employed in these strategies are therefore designated as cash flow hedges. In a cash

flow hedge, the effective portion of the derivative’s gain or loss is initially reported as a component of accumulated other comprehensive income and subsequently reclassified into earnings when the forecasted transaction affects earnings. In the case of pay-fixed or receive-fixed interest rate swap agreements, designated as cash flow hedges, the periodic difference in the net cash flows due to (due from) the Company from (to) a counterparty are recorded in current period earnings as adjustments to the interest income or interest expense of the respective hedged asset or liability.

Among the array of interest rate hedging contracts, potentially available to the Company, are interest rate swap and interest rate cap (or floor) contracts. The Company uses interest rate swaps, cap or floor contracts as part of its interest rate risk management strategy. Interest rate swaps involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed payments over the life of the agreements without the exchange of the underlying notional amount. An interest rate cap is a type of interest rate derivative in which the buyer receives payments at the end of each contractual period in which the index interest rate exceeds the contractually agreed upon strike price rate. The purchaser of a cap contract will continue to benefit from any rise in interest rates above the strike price. Similarly, an interest rate floor is a derivative contract in which the buyer receives payments at the end of each period in which the interest rate is below the agreed strike price. The purchaser of a floor contract will continue to benefit from any decrease in interest rates below the strike price. The Company had no interest rate cap or floor contracts in place at June 30, 2024 or December 31, 2023.

The Company records various hedges in the consolidated statements of condition at fair value. The Company’s accounting treatment for these derivative instruments is based on the instrument's hedge designation determined at the inception of each derivative instrument's contractual term. The following tables show the Company’s outstanding fair value hedges at June 30, 2024 and December 31, 2023:


(In thousands)	Carrying Amount of the Hedged Assets at June 30, 2024		Cumulative Amount of Fair Value Hedging Adjustment Subtracted from Carrying Amount of the Hedged Assets at June 30, 2024		Hedge-Adjusted Carrying Amount of the Hedged Assets at December 31, 2023		Cumulative Amount of Fair Value Hedging Adjustment Subtracted from Carrying Amount of the Hedged Assets at December 31, 2023
Line item on the balance sheet in which the hedged item is included:
Available-for-sale securities (1)	$	86,978	$	3,565	$	95,887	$	3,113
Loans receivable (2)	$	140,092	$	3,573	$	156,836	$	620

(1)

(2)

The Company's hedging contracts accounted for as fair value hedges, increased the yield on investment securities and loans by 0.28% and 0.29%, respectively, in the six months ended June 30, 2024. The hedging contracts noted above, accounted for as fair value hedges, increased the yield on investment securities and loans by 0.25% and 0.18%, respectively, in the six months ended June 30, 2023.

The following tables summarize the net effects of the Company's fair value and cash flow hedges for the six months ended June 30, 2024 and June 30, 2023, respectively:



Fair Value Hedges
(In thousands)	Six Months Ended June 30, 2024
Hedge Category	Average Notional Balance		Period Ending Notional Balance		Net Cash Received Recorded In Net Income		Fair Value Receivable at Period End
Investments	$	85,101	$	82,292	$	1,229	$	3,565
Loans		137,344		134,763		1,287		3,573
Total	$	222,445	$	217,055	$	2,516	$	7,138


	Six Months Ended June 30, 2023
Hedge Category	Average Notional Balance		Ending Notional Balance		Net Cash Received Recorded In Net Income		Fair Value Receivable at Period End
Investments	$	54,574	$	52,120	$	940	$	6,080
Loans		69,357		115,687		796		3,742
Total	$	123,931	$	167,807	$	1,736	$	9,822


Cash Flow Hedges
	Six Months Ended June 30, 2024
Hedge Category	Average Notional Balance		Ending Notional Balance		Net Cash Received Recorded In Net Income		Fair Value Receivable at Period End
Borrowed Funds	$	23,778	$	-	$	157	$	-


	Six Months Ended June 30, 2023
Hedge Category	Average Notional Balance		Ending Notional Balance		Net Cash Received Recorded In Net Income		Fair Value Payable at Period End
Borrowed Funds	$	53,333	$	70,000	$	336	$	(99	)

The following table shows the pre-tax gains of the Company’s derivatives designated as cash flow hedges in AOCI at June 30, 2024 and December 31, 2023:


(In thousands)	June 30, 2024		December 31, 2023
Cash flow hedges:
Fair market value adjustment interest rate swap	$	-	$	45
Total gain in comprehensive income	$	-	$	45

On April 17, 2024 the Bank elected to settle its previously established cash flow hedges designated against $40.0 million of floating-rate liabilities. This election was made in response to planned reductions in the Bank’s future levels of floating rate brokered certificates of deposit (CDs). Due to increases in interest rates since the inception dates of the cash flow hedges, the Bank realized a cash basis gain of $766,000 on that date, recorded for financial statement purposes, as a deferred gain in other assets. $458,000 of this gain will be recognized in substantially equal monthly installments through April 30, 2026 and $308,000 of this gain will be recognized in substantially equal monthly installments through April 30, 2027, which were the respective original maturity dates of the settled hedging contracts.

The amounts of hedge ineffectiveness, recognized at June 30, 2024 and December 31, 2023 for cash flow hedges were not material to the Company’s consolidated results of operations. A portion of, or the entire amount included in accumulated other comprehensive loss would be reclassified into current earnings should a portion of, or the entire hedge, no longer be considered effective. Management believes that the hedges will remain fully effective during the remaining term of the respective hedging contracts. The changes in the fair values of the interest rate hedging agreements primarily result from the effects of changing index interest rates and the reduction of the time each quarter between the measurement date and the contractual maturity date of the hedging instrument.

The Company manages its potential credit exposure on interest rate swap transactions by entering into bilateral credit support agreements with each contractual counterparty. These agreements require collateralization of credit exposures beyond specified minimum threshold amounts. Interest rate hedging agreements are entered into with counterparties that meet the Company's established credit standards and the agreements contain master netting, collateral and/or settlement provisions protecting the at-risk party. Based on adherence to the Company’s credit standards and the presence of the netting, collateral or settlement provisions, the Company believes that the credit risk inherent in these contracts was not material at June 30, 2024.

Loans - Summary of Major Classification of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Loans receivables:
Total Loans	$ 888,680	$ 897,781
Net deferred loan fees	(417)	(574)
Less: Allowance for credit losses	16,892	15,975
Loans receivable, net	871,371	881,232
Residential Mortgage Loans [Member]
Loans receivables:
Total Loans	250,415	258,959
Residential Mortgage Loans [Member] \| Residential 1-4 Family First Mortgages [Member]
Loans receivables:
Total Loans	250,106	257,604
Loans receivable, net	250,106
Residential Mortgage Loans [Member] \| Construction [Member]
Loans receivables:
Total Loans	309	1,355
Commercial Loans [Member]
Loans receivables:
Total Loans	527,249	524,167
Loans receivable, net			$ 892,308
Commercial Loans [Member] \| Real Estate [Member]
Loans receivables:
Total Loans	370,361	358,707
Loans receivable, net	370,361
Commercial Loans [Member] \| Lines of Credit [Member]
Loans receivables:
Total Loans	62,711	72,069
Loans receivable, net	62,711
Commercial Loans [Member] \| Other Commercial and Industrial [Member]
Loans receivables:
Total Loans	90,813	89,803
Loans receivable, net	90,813
Commercial Loans [Member] \| Paycheck Protection Program Loans [Member]
Loans receivables:
Total Loans	136	158
Commercial Loans [Member] \| Tax Exempt Loans [Member]
Loans receivables:
Total Loans	3,228	3,430
Loans receivable, net	3,228		3,963
Commercial Loans [Member] \| Home Equity and Junior Liens [Member]
Loans receivables:
Loans receivable, net			34,028
Commercial Loans [Member] \| Other Consumer [Member]
Loans receivables:
Loans receivable, net			$ 84,646
Consumer Loans [Member]
Loans receivables:
Total Loans	111,016	114,655
Net deferred loan fees	(417)
Loans receivable, net	888,680
Consumer Loans [Member] \| Home Equity and Junior Liens [Member]
Loans receivables:
Total Loans	35,821	34,858
Loans receivable, net	35,821
Consumer Loans [Member] \| Other Consumer [Member]
Loans receivables:
Total Loans	75,195	$ 79,797
Loans receivable, net	$ 75,195

Interest Rate Derivatives - Additional Information (Details) - USD ($)		6 Months Ended
	Apr. 17, 2024	Jun. 30, 2024	Jun. 30, 2023	Apr. 30, 2027	Apr. 30, 2026
Minimum [Member]
Derivative [Line Items]
Hedging contracts rates		0.28%	0.25%
Maximum [Member]
Derivative [Line Items]
Hedging contracts rates		0.29%	0.18%
Cash Flow Hedging
Derivative [Line Items]
Bank realized gain	$ 766,000
Cash Flow Hedging \| Forecast [Member]
Derivative [Line Items]
Deferred gain in other assets				$ 308,000	$ 458,000
Cash Flow Hedging \| Designated Hedges
Derivative [Line Items]
Cash flow hedges floating rate liabilities	$ 40,000,000

Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2024

Allowance For Loan Losses [Abstract]

Schedule of Changes in the Allowance for Credit Losses

The following table summarizes all activity related to the ACL from December 31, 2023 to June 30, 2024 and to the recorded PCL for the three and six months ended June 30, 2024 (in thousands):



	Reserves as of December 31, 2023		Q1 2024 Charge-Offs			Q1 2024 Recoveries		Q1 2024 PCL		Reserves as of March 31, 2024		Q2 2024 Charge-Offs			Q2 2024 Recoveries		Q2 2024 PCL			Reserves as of June 30, 2024
ACL - Loans
Specifically identified	$	3,716	$	-		$	-	$	100	$	3,816	$	-		$	-	$	665		$	4,481
Overdraft		364		(5	)		4		-		363		(29	)		8		-			342
Pooled - quantitative		6,203		(63	)		34		101		6,275		(83	)		38		80			6,309
Pooled - qualitative		3,566		-			-		509		4,075							(441	)		3,634
Purchased		2,126		-			-		-		2,126		-			-		-			2,126
Total ACL - Loans	$	15,975	$	(68	)	$	38	$	710	$	16,655	$	(112	)	$	46	$	304		$	16,892

ACL - Held-To-Maturity		352		-			-		15		367		-			-		(74	)		293

Other Liabilities - Unfunded Commitments		589		-			-		1		590		-			-		60			650
	$	16,916	$	(68	)	$	38	$	726	$	17,612	$	(112	)	$	46	$	290		$	17,835

Schedule of Changes in the Allowance for Loan Losses

An allocation of a portion of the allowance to a given portfolio class does not limit the Company’s ability to absorb losses in another portfolio class.


	For the three months ended June 30, 2024
	1-4 family
	first-lien			Residential									Other		Paycheck
	residential			construction			Commercial			Commercial			commercial		Protection
(In thousands)	mortgage			mortgage			real estate			lines of credit			and industrial		Program
Allowance for credit losses:
Beginning Balance	$	1,619		$	802		$	6,567		$	1,391		$	3,403	$	-
Charge-offs		-			-			-			-			-		-
Recoveries		7			-			13			-			2		-
Provisions (credits)		(90	)		13			83			(170	)		416		-
Ending balance	$	1,536		$	815		$	6,663		$	1,221		$	3,821	$	-
Ending balance: related to loans individually evaluated	$	137		$	-		$	1,511		$	662		$	1,901	$	-
Ending balance: related to loans collectively evaluated	$	1,399		$	815		$	5,152		$	559		$	1,920	$	-
Loans receivables:
Ending balance	$	250,106		$	309		$	370,361		$	62,711		$	90,813	$	136
Ending balance: individually evaluated	$	1,751		$	-		$	9,365		$	1,208		$	6,358	$	-
Ending balance: collectively evaluated	$	248,355		$	309		$	360,996		$	61,503		$	84,455	$	136

				Home equity			Other
	Tax exempt			and junior liens			Consumer			Total
Allowance for credit losses:
Beginning Balance	$	2		$	662		$	2,209		$	16,665
Charge-offs		-			-			(112	)		(112	)
Recoveries		-			-			24			46
Provisions (credits)		-			(37	)		88			304
Ending balance	$	2		$	625		$	2,209		$	16,892
Ending balance: related to loans individually evaluated	$	-		$	114		$	70		$	4,395
Ending balance: related to loans collectively evaluated	$	2		$	511		$	2,139		$	12,497
Loans receivables:
Ending balance	$	3,228		$	35,821		$	75,195		$	888,680
Ending balance: individually evaluated	$	-		$	618		$	70		$	19,370
Ending balance: collectively evaluated	$	3,228		$	35,203		$	75,125		$	869,310


	For the six months ended June 30, 2024
	1-4 family
	first-lien			Residential									Other
	residential			construction			Commercial			Commercial			commercial
(In thousands)	mortgage			mortgage			real estate			lines of credit			and industrial
Allowance for credit losses:
Beginning Balance	$	1,608		$	858		$	5,751		$	1,674		$	3,281
Charge-offs		-			-			-			-			-
Recoveries		9			-			19			-			7
Provisions (credits)		(81	)		(43	)		893			(453	)		533
Ending balance	$	1,536		$	815		$	6,663		$	1,221		$	3,821


	Tax exempt			Home equity and junior liens			Other consumer			Total
Allowance for credit losses:
Beginning Balance	$	1		$	657		$	2,145			15,975
Charge-offs		-			-			(180	)		(180	)
Recoveries		-			-			49			84
Provisions (credits)		1			(32	)		195			1,014
Ending balance	$	2		$	625		$	2,209		$	16,892


	For the three months ended June 30, 2023
	1-4 family
	first-lien		Residential										Other			Paycheck
	residential		construction			Commercial				Commercial			commercial			Protection
(In thousands)	mortgage		mortgage			real estate				lines of credit			and industrial			Program
Allowance for credit losses:
Beginning Balance	$	1,937	$	700		$	5,182			$	2,095		$	5,082		$	-
Adoption of New Accounting Standard		-		-			-				-			-			-
Charge-offs		-		-			-				-			(263	)		-
Recoveries		-		-			-				-			64			-
Provisions (credits)		99		(66	)		249				525			309			-
Ending balance	$	2,036	$	634		$	5,431			$	2,620		$	5,192		$	-
Ending balance: related to loans individually evaluated for impairment	$	127	$	-		$	4,825			$	1,891		$	1,745		$	-
Ending balance: related to loans collectively evaluated for impairment	$	1,909	$	634		$	606			$	729		$	3,447		$	-
Loans receivables:
Ending balance	$	256,201	$	2,479		$	355,605			$	70,624		$	84,581		$	181
Ending balance: individually evaluated for impairment	$	1,674	$	-		$	9,593			$	3,236		$	6,803		$	-
Ending balance: collectively evaluated for impairment	$	254,527	$	2,479		$	346,012			$	67,388		$	77,778		$	181

			Home equity			Other
	Tax exempt		and junior liens			Consumer				Total
Allowance for credit losses:
Beginning Balance	$	15	$	723		$	2,135			$	17,869
Adoption of New Accounting Standard		-		-			-				-
Charge-offs		-		-			(109	)			(372	)
Recoveries		-		-			52				116
Provisions (credits)		-		(41	)		108		-		1,183
Ending balance	$	15	$	682		$	2,186			$	18,796
Ending balance: related to loans individually evaluated for impairment	$	-	$	114		$	-			$	8,702
Ending balance: related to loans collectively evaluated for impairment	$	15	$	568		$	2,186			$	10,094
Loans receivables:
Ending balance	$	3,963	$	34,028		$	84,646			$	892,308
Ending balance: individually evaluated for impairment	$	-	$	619		$	-			$	21,925
Ending balance: collectively evaluated for impairment	$	3,963	$	33,409		$	84,646			$	870,383


	For the six months ended June 30, 2023
	1-4 family
	first-lien			Residential									Other
	residential			construction			Commercial			Commercial			commercial
(In thousands)	mortgage			mortgage			real estate			lines of credit			and industrial
Allowance for credit losses:
Beginning Balance	$	714		$	-		$	5,881		$	3,990		$	2,944
Adoption of new accounting standard		1,396			969			(1,744	)		95			10
Charge-offs		-			-			-			-			(299	)
Recoveries		-			-			-			-			126
Provisions (credits)		(74	)		(335	)		1,294			(1,465	)		2,411
Ending balance	$	2,036		$	634		$	5,431		$	2,620		$	5,192

	Tax exempt			Home equity and junior liens			Other consumer			Total
Allowance for credit losses:
Beginning Balance	$	3		$	741		$	1,046		$	15,319
Adoption of new accounting standard		14			(97	)		1,243		$	1,886
Charge-offs		-			-			(193	)		(492	)
Recoveries		-			-			80			206
Provisions (credits)		(2	)		38			10			1,877
Ending balance	$	15		$	682		$	2,186		$	18,796

Schedule of Allowance for Loan Losses on Basis of Calculation Methodology

The allocation of the allowance for credit losses summarized on the basis of the Company’s calculation methodology was as follows:


	June 30, 2024
	1-4 family
	first-lien			Residential						Other
	residential			construction		Commercial		Commercial		commercial
(In thousands)	mortgage			mortgage		real estate		lines of credit		and industrial
Specifically reserved	$	137		$	-	$	1,511	$	662	$	2,044
Historical loss rate		1,473			815		2,615		129		1,115
Qualitative factors		(74	)		-		2,537		430		662
Total	$	1,536		$	815	$	6,663	$	1,221	$	3,821

				Home equity		Other
	Tax exempt			and junior liens		consumer		Total
Specifically reserved	$	-		$	423	$	1,887	$	6,664
Historical loss rate		2			192		300		6,641
Qualitative factors		-			10		22		3,587
Total	$	2		$	625	$	2,209	$	16,892


	December 31, 2023
	1-4 family
	first-lien			Residential						Other
	residential			construction		Commercial		Commercial		commercial
(In thousands)	mortgage			mortgage		real estate		lines of credit		and industrial
Specifically reserved	$	137		$	-	$	969	$	844	$	1,617
Historical loss rate		1,537			674		2,645		209		1,026
Qualitative factors		(66	)		184		2,137		621		638
Total	$	1,608		$	858	$	5,751	$	1,674	$	3,281

				Home equity		Other
	Tax exempt			and junior liens		consumer		Total
Specifically reserved	$	-		$	458	$	1,817	$	5,842
Historical loss rate		1			190		307		6,589
Qualitative factors		-			9		21		3,544
Total	$	1		$	657	$	2,145	$	15,975

Schedule of Allowance for Credit Losses Amortized Cost

The following table details the amortized cost of collateral dependent loans at June 30, 2024 and December 31, 2023:


(In thousands)	June 30, 2024		December 31, 2023
Commercial and industrial	$	7,466	$	7,788
Commercial real estate		7,305		11,814
Residential (1-4 family) first mortgages		787		699
Home equity loans and lines of credit		590		599
Consumer loans		69		81
Total loans	$	16,217	$	20,981

Investment Securities - Amortized Cost and Estimated Fair Value of Debt Investments by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Available-for-sale securities, debt maturities, amortized cost [Abstract]
Due in one year or less	$ 14,558
Due after one year through five years	9,336
Due after five years through ten years	42,709
Due after ten years	80,676
Sub-total	147,279
Amortized cost	284,635	$ 268,751
Available-for-sale securities, debt maturities, Estimated Fair Value [Abstract]
Due in one year or less	14,769
Due after one year through five years	8,893
Due after five years through ten years	38,518
Due after ten years	79,986
Sub-total	142,166
Available-for-sale securities, debt maturities, fair value, totals	274,771
Held-to-maturity Securities, debt maturities, amortized cost [Abstract]
Due in one year or less	3,417
Due after one year through five years	20,929
Due after five years through ten years	40,516
Due after ten years	17,104
Sub-total	81,966
Total available-for-sale	166,271	179,286
Held-to-maturity Securities, debt maturities, Estimated Fair Value [Abstract]
Due in one year or less	3,389
Due after one year through five years	20,176
Due after five years through ten years	37,060
Due after ten years	15,311
Sub-total	75,936
Held-to-maturity securities at fair value	156,280	168,034
Residential Mortgage-Backed - US Agency [Member]
Available-for-sale securities, debt maturities, amortized cost [Abstract]
Amortized cost	33,036	25,446
Available-for-sale securities, debt maturities, Estimated Fair Value [Abstract]
Available-for-sale securities, debt maturities, fair value, totals	31,984
Held-to-maturity Securities, debt maturities, amortized cost [Abstract]
Total available-for-sale	6,823	6,974
Held-to-maturity Securities, debt maturities, Estimated Fair Value [Abstract]
Held-to-maturity securities at fair value	6,177	6,324
Collateralized Mortgage Obligations - US Agency [Member]
Available-for-sale securities, debt maturities, amortized cost [Abstract]
Amortized cost	15,550	13,058
Available-for-sale securities, debt maturities, Estimated Fair Value [Abstract]
Available-for-sale securities, debt maturities, fair value, totals	14,650
Held-to-maturity Securities, debt maturities, amortized cost [Abstract]
Total available-for-sale	12,762	13,221
Held-to-maturity Securities, debt maturities, Estimated Fair Value [Abstract]
Held-to-maturity securities at fair value	11,357	11,928
Collateralized Mortgage Obligations - Private Label [Member]
Available-for-sale securities, debt maturities, amortized cost [Abstract]
Amortized cost	88,770	81,812
Available-for-sale securities, debt maturities, Estimated Fair Value [Abstract]
Available-for-sale securities, debt maturities, fair value, totals	85,971
Held-to-maturity Securities, debt maturities, amortized cost [Abstract]
Total available-for-sale	65,013	76,819
Held-to-maturity Securities, debt maturities, Estimated Fair Value [Abstract]
Held-to-maturity securities at fair value	62,810	$ 73,761
Held-to-Maturity Securities [Member]
Held-to-maturity Securities, debt maturities, amortized cost [Abstract]
Total available-for-sale	$ 166,564

Pension and Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Composition of Net Periodic Pension and Postretirement Plan Costs

The composition of net periodic pension plan and postretirement plan costs for the indicated periods is as follows:


	Pension Benefits						Postretirement Benefits						Pension Benefits						Postretirement Benefits
	For the three months ended June 30,												For the six months ended June 30,
(In thousands)	2024			2023			2024			2023			2024			2023			2024			2023
Service cost	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Interest cost		139			141			1			2			278			281			3			4
Expected return on plan assets		(253	)		(242	)		-			-			(506	)		(483	)		-			-
Amortization of prior service credits		-			-			(1	)		(1	)		-			-			(2	)		(2	)
Amortization of net losses		39			58			-			(2	)		79			114			(1	)		(3	)
Net periodic benefit plan (benefit) cost	$	(75	)	$	(43	)	$	-		$	(1	)	$	(149	)	$	(88	)	$	-		$	(1	)

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
OPERATING ACTIVITIES
Net Income (Loss)	$ 4,120	$ 4,581
Adjustments to reconcile net income to net cash flows from operating activities:
Provision for credit losses	1,016	1,832
Proceeds from sales of loans held-for-sale	2,534	2,798
Originations of loans held-for-sale	(2,592)	(2,609)
Realized (gains) losses on sales, redemptions and calls of:
Foreclosed real estate	0	28
Loans	58	(170)
Available-for-sale investment securities	127	(79)
Held-to-maturity investment securities	5	6
Marketable securities	31	0
Depreciation	674	706
Amortization of mortgage servicing rights	(24)	(19)
Amortization of deferred loan fees and costs	(154)	(68)
Operating lease expense	55	58
Amortization of deferred financing fees from subordinated debt	94	88
Earnings on bank owned life insurance	(324)	(301)
Net amortization of premiums and discounts on investment securities	(17)	1,201
Amortization of intangible assets	9	9
Stock based compensation and ESOP expense	153	266
Net change in accrued interest receivable	210	23
Net change in other assets and liabilities	(3,953)	(6,447)
Net cash inflows from operating activities	2,022	1,903
INVESTING ACTIVITIES
Purchase of available-for-sale securities	(59,740)	(17,809)
Purchase of held-to-maturity securities	(3,517)	(12,787)
Purchase of marketable securities	(618)	(491)
Purchase of Federal Home Loan Bank stock	(6,812)	(8,214)
Proceeds from redemption of Federal Home Loan Bank stock	6,858	7,660
Proceeds from maturities and principal reductions of available-for-sale securities	38,964	6,564
Proceeds from maturities and principal reductions of held-to-maturity securities	15,876	11,225
Proceeds from sales, redemptions and calls of:
Available-for-sale investment securities	3,449	17,396
Held-to-maturity investment securities	706	49
Real estate acquired through foreclosure	68	227
Net change in loans	8,999	8,023
Purchase of premises and equipment	(1,111)	(662)
Net cash inflows from investing activities	3,122	11,181
FINANCING ACTIVITIES
Net change in demand deposits, NOW accounts, savings accounts, money management deposit accounts, MMDA accounts and escrow deposits	(38,565)	(71,567)
Net change in time deposits	23,657	59,337
Net change in brokered deposits	(3,882)	(12,100)
Net change in short-term borrowings	1,897	9,203
Payments on long-term borrowings	(4,050)	(3,525)
Proceeds from long-term borrowings	0	7,776
Proceeds from exercise of stock options	5	368
Cash dividends paid to common voting shareholders	(897)	(841)
Cash dividends paid to common non-voting shareholders	(262)	(248)
Cash dividends paid on warrants	(25)	(23)
Change in noncontrolling interest, net	65	69
Net cash outflows from financing activities	(22,057)	(11,551)
Change in cash and cash equivalents	(16,913)	1,533
Cash and cash equivalents at beginning of period	48,732	35,282
Cash and cash equivalents at end of period	31,819	36,815
CASH PAID DURING THE PERIOD FOR:
Interest	18,905	11,380
Income taxes	600	0
NON-CASH INVESTING ACTIVITY
Real estate acquired in exchange for loans	$ 0	$ 333

Interest Rate Derivatives (Tables)

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Cumulative Basis Adjustments for Fair Value Hedges

The following tables show the Company’s outstanding fair value hedges at June 30, 2024 and December 31, 2023:


(In thousands)	Carrying Amount of the Hedged Assets at June 30, 2024		Cumulative Amount of Fair Value Hedging Adjustment Subtracted from Carrying Amount of the Hedged Assets at June 30, 2024		Hedge-Adjusted Carrying Amount of the Hedged Assets at December 31, 2023		Cumulative Amount of Fair Value Hedging Adjustment Subtracted from Carrying Amount of the Hedged Assets at December 31, 2023
Line item on the balance sheet in which the hedged item is included:
Available-for-sale securities (1)	$	86,978	$	3,565	$	95,887	$	3,113
Loans receivable (2)	$	140,092	$	3,573	$	156,836	$	620

(1)

(2)

Schedule Of Cash Flow Hedges

The following table shows the pre-tax gains of the Company’s derivatives designated as cash flow hedges in AOCI at June 30, 2024 and December 31, 2023:


(In thousands)	June 30, 2024		December 31, 2023
Cash flow hedges:
Fair market value adjustment interest rate swap	$	-	$	45
Total gain in comprehensive income	$	-	$	45

Schedule of Hedge transcations increased the net income

The following tables summarize the net effects of the Company's fair value and cash flow hedges for the six months ended June 30, 2024 and June 30, 2023, respectively:



Fair Value Hedges
(In thousands)	Six Months Ended June 30, 2024
Hedge Category	Average Notional Balance		Period Ending Notional Balance		Net Cash Received Recorded In Net Income		Fair Value Receivable at Period End
Investments	$	85,101	$	82,292	$	1,229	$	3,565
Loans		137,344		134,763		1,287		3,573
Total	$	222,445	$	217,055	$	2,516	$	7,138


	Six Months Ended June 30, 2023
Hedge Category	Average Notional Balance		Ending Notional Balance		Net Cash Received Recorded In Net Income		Fair Value Receivable at Period End
Investments	$	54,574	$	52,120	$	940	$	6,080
Loans		69,357		115,687		796		3,742
Total	$	123,931	$	167,807	$	1,736	$	9,822


Cash Flow Hedges
	Six Months Ended June 30, 2024
Hedge Category	Average Notional Balance		Ending Notional Balance		Net Cash Received Recorded In Net Income		Fair Value Receivable at Period End
Borrowed Funds	$	23,778	$	-	$	157	$	-


	Six Months Ended June 30, 2023
Hedge Category	Average Notional Balance		Ending Notional Balance		Net Cash Received Recorded In Net Income		Fair Value Payable at Period End
Borrowed Funds	$	53,333	$	70,000	$	336	$	(99	)

Noninterest Income (Additional Information) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Recognized Non-Recurring Gain	$ 245,000

Allowance for Credit Losses

6 Months Ended

Jun. 30, 2024

Allowance For Loan Losses [Abstract]

Allowance for Credit Losses

Note 7: Allowance for Credit Losses

Management extensively reviews recent trends in historical losses, qualitative factors, including concentrations of loans to related borrowers and concentrations of loans by collateral type, and specific reserve requirements on loans individually evaluated in its determination of the adequacy of the credit losses. We recorded $290,000 in provision for credit losses ("PCL") for the three month period ended June 30, 2024, as compared to $1.1 million for the three month period ended June 30, 2023. For the first six months of 2024, we recorded $1.0 million in provision for credit losses compared to $1.8 million in the first six months of the prior year.

There was a modest increase in provision for credit losses in the three months ended June 30, 2024, when compared to the same three month period in 2023. In addition, during the second quarter of 2024, the Company recorded a PCL decrease of $74,000 for reserves related to securities classified as held-to-maturity and a $60,000 increase to the PCL for unfunded commitments, respectively. The provision in the quarter ended June 30, 2024 was reflective of the qualitative factors used in determining the adequacy of the ACL and changes in the levels of delinquent and nonaccrual loans. The second quarter PCL reflects an addition to reserves considering asset quality metrics.

The following table summarizes all activity related to the ACL from December 31, 2023 to June 30, 2024 and to the recorded PCL for the three and six months ended June 30, 2024 (in thousands):



	Reserves as of December 31, 2023		Q1 2024 Charge-Offs			Q1 2024 Recoveries		Q1 2024 PCL		Reserves as of March 31, 2024		Q2 2024 Charge-Offs			Q2 2024 Recoveries		Q2 2024 PCL			Reserves as of June 30, 2024
ACL - Loans
Specifically identified	$	3,716	$	-		$	-	$	100	$	3,816	$	-		$	-	$	665		$	4,481
Overdraft		364		(5	)		4		-		363		(29	)		8		-			342
Pooled - quantitative		6,203		(63	)		34		101		6,275		(83	)		38		80			6,309
Pooled - qualitative		3,566		-			-		509		4,075							(441	)		3,634
Purchased		2,126		-			-		-		2,126		-			-		-			2,126
Total ACL - Loans	$	15,975	$	(68	)	$	38	$	710	$	16,655	$	(112	)	$	46	$	304		$	16,892

ACL - Held-To-Maturity		352		-			-		15		367		-			-		(74	)		293

Other Liabilities - Unfunded Commitments		589		-			-		1		590		-			-		60			650
	$	16,916	$	(68	)	$	38	$	726	$	17,612	$	(112	)	$	46	$	290		$	17,835

Summarized in the tables below are changes in the allowance for credit losses for loans for the indicated periods and information pertaining to the allocation of the balances of the credit losses, loans receivable based on individual, and collective evaluation by loan portfolio class. An allocation of a portion of the allowance to a given portfolio class does not limit the Company’s ability to absorb losses in another portfolio class.


	For the three months ended June 30, 2024
	1-4 family
	first-lien			Residential									Other		Paycheck
	residential			construction			Commercial			Commercial			commercial		Protection
(In thousands)	mortgage			mortgage			real estate			lines of credit			and industrial		Program
Allowance for credit losses:
Beginning Balance	$	1,619		$	802		$	6,567		$	1,391		$	3,403	$	-
Charge-offs		-			-			-			-			-		-
Recoveries		7			-			13			-			2		-
Provisions (credits)		(90	)		13			83			(170	)		416		-
Ending balance	$	1,536		$	815		$	6,663		$	1,221		$	3,821	$	-
Ending balance: related to loans individually evaluated	$	137		$	-		$	1,511		$	662		$	1,901	$	-
Ending balance: related to loans collectively evaluated	$	1,399		$	815		$	5,152		$	559		$	1,920	$	-
Loans receivables:
Ending balance	$	250,106		$	309		$	370,361		$	62,711		$	90,813	$	136
Ending balance: individually evaluated	$	1,751		$	-		$	9,365		$	1,208		$	6,358	$	-
Ending balance: collectively evaluated	$	248,355		$	309		$	360,996		$	61,503		$	84,455	$	136

				Home equity			Other
	Tax exempt			and junior liens			Consumer			Total
Allowance for credit losses:
Beginning Balance	$	2		$	662		$	2,209		$	16,665
Charge-offs		-			-			(112	)		(112	)
Recoveries		-			-			24			46
Provisions (credits)		-			(37	)		88			304
Ending balance	$	2		$	625		$	2,209		$	16,892
Ending balance: related to loans individually evaluated	$	-		$	114		$	70		$	4,395
Ending balance: related to loans collectively evaluated	$	2		$	511		$	2,139		$	12,497
Loans receivables:
Ending balance	$	3,228		$	35,821		$	75,195		$	888,680
Ending balance: individually evaluated	$	-		$	618		$	70		$	19,370
Ending balance: collectively evaluated	$	3,228		$	35,203		$	75,125		$	869,310


	For the six months ended June 30, 2024
	1-4 family
	first-lien			Residential									Other
	residential			construction			Commercial			Commercial			commercial
(In thousands)	mortgage			mortgage			real estate			lines of credit			and industrial
Allowance for credit losses:
Beginning Balance	$	1,608		$	858		$	5,751		$	1,674		$	3,281
Charge-offs		-			-			-			-			-
Recoveries		9			-			19			-			7
Provisions (credits)		(81	)		(43	)		893			(453	)		533
Ending balance	$	1,536		$	815		$	6,663		$	1,221		$	3,821


	Tax exempt			Home equity and junior liens			Other consumer			Total
Allowance for credit losses:
Beginning Balance	$	1		$	657		$	2,145			15,975
Charge-offs		-			-			(180	)		(180	)
Recoveries		-			-			49			84
Provisions (credits)		1			(32	)		195			1,014
Ending balance	$	2		$	625		$	2,209		$	16,892


	For the three months ended June 30, 2023
	1-4 family
	first-lien		Residential										Other			Paycheck
	residential		construction			Commercial				Commercial			commercial			Protection
(In thousands)	mortgage		mortgage			real estate				lines of credit			and industrial			Program
Allowance for credit losses:
Beginning Balance	$	1,937	$	700		$	5,182			$	2,095		$	5,082		$	-
Adoption of New Accounting Standard		-		-			-				-			-			-
Charge-offs		-		-			-				-			(263	)		-
Recoveries		-		-			-				-			64			-
Provisions (credits)		99		(66	)		249				525			309			-
Ending balance	$	2,036	$	634		$	5,431			$	2,620		$	5,192		$	-
Ending balance: related to loans individually evaluated for impairment	$	127	$	-		$	4,825			$	1,891		$	1,745		$	-
Ending balance: related to loans collectively evaluated for impairment	$	1,909	$	634		$	606			$	729		$	3,447		$	-
Loans receivables:
Ending balance	$	256,201	$	2,479		$	355,605			$	70,624		$	84,581		$	181
Ending balance: individually evaluated for impairment	$	1,674	$	-		$	9,593			$	3,236		$	6,803		$	-
Ending balance: collectively evaluated for impairment	$	254,527	$	2,479		$	346,012			$	67,388		$	77,778		$	181

			Home equity			Other
	Tax exempt		and junior liens			Consumer				Total
Allowance for credit losses:
Beginning Balance	$	15	$	723		$	2,135			$	17,869
Adoption of New Accounting Standard		-		-			-				-
Charge-offs		-		-			(109	)			(372	)
Recoveries		-		-			52				116
Provisions (credits)		-		(41	)		108		-		1,183
Ending balance	$	15	$	682		$	2,186			$	18,796
Ending balance: related to loans individually evaluated for impairment	$	-	$	114		$	-			$	8,702
Ending balance: related to loans collectively evaluated for impairment	$	15	$	568		$	2,186			$	10,094
Loans receivables:
Ending balance	$	3,963	$	34,028		$	84,646			$	892,308
Ending balance: individually evaluated for impairment	$	-	$	619		$	-			$	21,925
Ending balance: collectively evaluated for impairment	$	3,963	$	33,409		$	84,646			$	870,383


	For the six months ended June 30, 2023
	1-4 family
	first-lien			Residential									Other
	residential			construction			Commercial			Commercial			commercial
(In thousands)	mortgage			mortgage			real estate			lines of credit			and industrial
Allowance for credit losses:
Beginning Balance	$	714		$	-		$	5,881		$	3,990		$	2,944
Adoption of new accounting standard		1,396			969			(1,744	)		95			10
Charge-offs		-			-			-			-			(299	)
Recoveries		-			-			-			-			126
Provisions (credits)		(74	)		(335	)		1,294			(1,465	)		2,411
Ending balance	$	2,036		$	634		$	5,431		$	2,620		$	5,192

	Tax exempt			Home equity and junior liens			Other consumer			Total
Allowance for credit losses:
Beginning Balance	$	3		$	741		$	1,046		$	15,319
Adoption of new accounting standard		14			(97	)		1,243		$	1,886
Charge-offs		-			-			(193	)		(492	)
Recoveries		-			-			80			206
Provisions (credits)		(2	)		38			10			1,877
Ending balance	$	15		$	682		$	2,186		$	18,796

The Company’s methodology for determining its allowance for credit losses includes an analysis of qualitative factors that are added to the historical loss rates in arriving at the total allowance for credit losses needed for this general pool of loans. The qualitative factors include, but are not limited to, the following:

•

Changes in national and local economic trends;

•

The rate of growth in the portfolio;

•

Trends of delinquencies and nonaccrual balances;

•

Changes in loan policy; and

•

Changes in lending management experience and related staffing.

Each factor is assigned a value to reflect improving, stable or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation. These qualitative factors, applied to each product class, make the evaluation inherently subjective, as it requires material estimates that may be susceptible to significant revision as more information becomes available. Adjustments to the factors are supported through documentation of changes in conditions in a narrative accompanying the allowance for credit losses analysis and calculation.

The allocation of the allowance for credit losses summarized on the basis of the Company’s calculation methodology was as follows:


	June 30, 2024
	1-4 family
	first-lien			Residential						Other
	residential			construction		Commercial		Commercial		commercial
(In thousands)	mortgage			mortgage		real estate		lines of credit		and industrial
Specifically reserved	$	137		$	-	$	1,511	$	662	$	2,044
Historical loss rate		1,473			815		2,615		129		1,115
Qualitative factors		(74	)		-		2,537		430		662
Total	$	1,536		$	815	$	6,663	$	1,221	$	3,821

				Home equity		Other
	Tax exempt			and junior liens		consumer		Total
Specifically reserved	$	-		$	423	$	1,887	$	6,664
Historical loss rate		2			192		300		6,641
Qualitative factors		-			10		22		3,587
Total	$	2		$	625	$	2,209	$	16,892


	December 31, 2023
	1-4 family
	first-lien			Residential						Other
	residential			construction		Commercial		Commercial		commercial
(In thousands)	mortgage			mortgage		real estate		lines of credit		and industrial
Specifically reserved	$	137		$	-	$	969	$	844	$	1,617
Historical loss rate		1,537			674		2,645		209		1,026
Qualitative factors		(66	)		184		2,137		621		638
Total	$	1,608		$	858	$	5,751	$	1,674	$	3,281

				Home equity		Other
	Tax exempt			and junior liens		consumer		Total
Specifically reserved	$	-		$	458	$	1,817	$	5,842
Historical loss rate		1			190		307		6,589
Qualitative factors		-			9		21		3,544
Total	$	1		$	657	$	2,145	$	15,975

Collateral Dependent Disclosures

The Company has certain loans for which repayment is dependent upon the operation or sale of collateral, as the borrower is experiencing financial difficulty. The underlying collateral can vary based upon the type of loan. The following provides more detail about the types of collateral that secure collateral dependent loans:

•

Commercial real estate loans can be secured by either owner occupied commercial real estate or non-owner occupied investment commercial real estate. Typically, owner occupied commercial real estate loans are secured by office buildings, warehouses, manufacturing facilities and other commercial and industrial properties occupied by operating companies. Non-owner occupied commercial real estate loans are generally secured by office buildings and complexes, retail facilities, multifamily complexes, land under development, industrial properties, as well as other commercial or industrial real estate.

•

Residential real estate loans are typically secured by first mortgages, and in some cases could be secured by a second mortgage.

•

Home equity lines of credit are generally secured by second mortgages on residential real estate property.

•

Consumer loans are generally secured by automobiles, motorcycles, recreational vehicles and other personal property. Some consumer loans are unsecured and have no underlying collateral.

The following table details the amortized cost of collateral dependent loans at June 30, 2024 and December 31, 2023:


(In thousands)	June 30, 2024		December 31, 2023
Commercial and industrial	$	7,466	$	7,788
Commercial real estate		7,305		11,814
Residential (1-4 family) first mortgages		787		699
Home equity loans and lines of credit		590		599
Consumer loans		69		81
Total loans	$	16,217	$	20,981

Foreclosed Real Estate - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Real estate loans in the process of foreclosure	$ 1.8	$ 1.3

Subsequent Events (Additional Information) (Details) - Berkshire Hills Bancorp [Member] - USD ($)		6 Months Ended
	Jul. 19, 2024	Jun. 30, 2024
Subsequent Event [Line Items]
Borrowing average cost, percentage		5.33%
Subsequent Event [Member]
Subsequent Event [Line Items]
Unpaid principal balance percentage	95.00%
Average cost of deposits acquired	1.99%
Payment of borrowings	$ 150,000,000
Business acquisition, lease assumned	946,000
Purchased of property and fixtures	$ 264,000
Subsequent Event [Member] \| Core Deposit [Member]
Subsequent Event [Line Items]
Percentage of premium of deposit received	5.80%
Subsequent Event [Member] \| Core and Non-core Deposit [Member]
Subsequent Event [Line Items]
Percentage of premium of deposit received	3.80%
Subsequent Event [Member] \| Deposit Liabilities [Member]
Subsequent Event [Line Items]
Business acquisition, liabilities assumed	$ 186,000,000
Subsequent Event [Member] \| Loans [Member]
Subsequent Event [Line Items]
Business acquisition, liabilities assumed	$ 30,000,000

Allowance for Credit Losses - Schedule of Changes in the Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]
CECL ACL	$ 17,612	$ 16,916	$ 16,916
Charge-offs		(68)	(112)
Recoveries		38	46
PCL		726	290
CECL ACL	17,835	17,612	17,835
Total ACL related to loans [Member[
Financing Receivable, Allowance for Credit Loss [Line Items]
CECL ACL	16,655	15,975	15,975
Charge-offs		(68)	(112)
Recoveries		38	46
PCL		710	304
CECL ACL	16,892	16,655	16,892
ACL - related to held-to-maturity investments [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
CECL ACL	367	352	352
Charge-offs		0	0
Recoveries		0	0
PCL		15	(74)
CECL ACL	293	367	293
ACL - related to unfunded commitments [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
CECL ACL	590	589	589
Charge-offs		0	0
Recoveries		0	0
PCL		1	60
CECL ACL	650	590	650
Specifically identified loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
CECL ACL	3,816	3,716	3,716
Charge-offs		0	0
Recoveries		0	0
PCL		100	665
CECL ACL	4,481	3,816	4,481
Overdraft [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
CECL ACL	363	364	364
Charge-offs		(5)	(29)
Recoveries		4	8
PCL		0	0
CECL ACL	342	363	342
Pooled loans under CECL - Quantitative [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
CECL ACL	6,275	6,203	6,203
Charge-offs		(63)	(83)
Recoveries		34	38
PCL		101	80
CECL ACL	6,309	6,275	6,309
Pooled loans under CECL - Qualitative [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
CECL ACL	4,075	3,566	3,566
Charge-offs		0
Recoveries		0
PCL		509	(441)
CECL ACL	3,634	4,075	3,634
Purchased [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
CECL ACL	2,126	2,126	2,126
Charge-offs		0	0
Recoveries		0	0
PCL		0	0
CECL ACL	$ 2,126	$ 2,126	$ 2,126

Investment Securities - Gross Realized Gains (Losses) on Sale and Redemptions of Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Gain (Loss) on Sale of Investments [Abstract]
Realized gains on investments	$ 16	$ 0	$ 750	$ 2,021
Realized losses on investments	0	0	(882)	(1,948)
Total	$ 16	$ 0	$ (132)	$ 73

Earnings per Common Share - Additional Information (Details) - shares		3 Months Ended		6 Months Ended
	Jun. 04, 2021	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Conversion of preferred stock, shares converted	1,380,283
Conversion of stock, description				the Company converted 1,380,283 shares of its Series B Convertible Perpetual Preferred Stock ("Convertible Perpetual Preferred Stock") to an equal number of shares of its newly-created Series A Non-Voting Common Stock.
Employee Stock Option
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive stock options (in shares)		0	0	0	0

Accumulated Other Comprehensive (Loss) Income - Summary of Amounts Reclassified Out of Each Component of AOCI (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Salaries and employee benefits

$ (4,399)

$ (3,906)

$ (8,728)

$ (8,089)

Provision for income taxes

(481)

(530)

(1,013)

(1,199)

Net income attributable to Pathfinder Bancorp Inc.

2,000

1,982

4,120

4,581

Reclassification out of Accumulated Other Comprehensive Income [Member] | Retirement Plans [Member]

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Salaries and employee benefits

^[1],[2]

(38)

(56)

(75)

(111)

Provision for income taxes

^[1]

Net income attributable to Pathfinder Bancorp Inc.

^[1]

(28)

(41)

(55)

(82)

Reclassification out of Accumulated Other Comprehensive Income [Member] | Available-for-sale securities

Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]

Net gains on sales and redemptions of investment securities

^[1]

(139)

(1,933)

Provision for income taxes

^[1]

(4)

505

Net income attributable to Pathfinder Bancorp Inc.

^[1]

$ 11

$ 0

$ (103)

$ (1,428)

[1]	Amounts in parentheses indicates debits in net income.
[2]	These items are included in net periodic pension cost.

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Investment Securities (Tables)

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Estimated Fair Value of Investment Securities

The amortized cost and estimated fair value of available-for-sale and held-to-maturity investment securities are summarized as follows:


	June 30, 2024
			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
Debt investment securities:
US Treasury, agencies and GSEs	$	88,074	$	530	$	(3,795	)	$	84,809
State and political subdivisions		30,189		111		(1,724	)		28,576
Corporate		10,985		259		(353	)		10,891
Asset backed securities		18,031		38		(179	)		17,890
Residential mortgage-backed - US agency		33,036		37		(1,089	)		31,984
Collateralized mortgage obligations - US agency		15,550		66		(966	)		14,650
Collateralized mortgage obligations - Private label		88,770		92		(2,891	)		85,971
Total		284,635		1,133		(10,997	)		274,771
Equity investment securities:
Common stock - financial services industry		206		-		-			206
Total		206		-		-			206
Total available-for-sale	$	284,841	$	1,133	$	(10,997	)	$	274,977

Held-to-Maturity Portfolio
Debt investment securities:
US Treasury, agencies and GSEs	$	3,670	$	-	$	(319	)	$	3,351
State and political subdivisions		17,496		10		(1,997	)		15,509
Corporate		44,410		32		(2,709	)		41,733
Asset backed securities		16,390		-		(1,047	)		15,343
Residential mortgage-backed - US agency		6,823		22		(668	)		6,177
Collateralized mortgage obligations - US agency		12,762		1		(1,406	)		11,357
Collateralized mortgage obligations - Private label		65,013		181		(2,384	)		62,810
Total		166,564		246		(10,530	)		156,280
Less: Allowance for credit losses		293		-		-			-
Total held-to-maturity	$	166,271	$	246	$	(10,530	)	$	156,280


	December 31, 2023
			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
(In thousands)	Cost		Gains		Losses			Value
Available-for-Sale Portfolio
Debt investment securities:
US Treasury, agencies and GSEs	$	82,588	$	754	$	(3,259	)	$	80,083
State and political subdivisions		34,588		145		(1,809	)		32,924
Corporate		11,008		276		(365	)		10,919
Asset backed securities		20,251		-		(359	)		19,892
Residential mortgage-backed - US agency		25,446		57		(1,085	)		24,418
Collateralized mortgage obligations - US agency		13,058		116		(995	)		12,179
Collateralized mortgage obligations - Private label		81,812		128		(3,845	)		78,095
Total		268,751		1,476		(11,717	)		258,510
Equity investment securities:
Common stock - financial services industry		206		-		-			206
Total		206		-		-			206
Total available-for-sale	$	268,957	$	1,476	$	(11,717	)	$	258,716

Held-to-Maturity Portfolio
Debt investment securities:
US Treasury, agencies and GSEs	$	3,760	$	-	$	(304	)	$	3,456
State and political subdivisions		16,576		28		(1,874	)		14,730
Corporate		45,427		9		(3,281	)		42,155
Asset backed securities		16,860		-		(1,180	)		15,680
Residential mortgage-backed - US agency		6,974		15		(665	)		6,324
Collateralized mortgage obligations - US agency		13,221		-		(1,293	)		11,928
Collateralized mortgage obligations - Private label		76,819		120		(3,178	)		73,761
Total		179,637		172		(11,775	)		168,034
Less: Allowance for credit losses		351		-		-			-
Total held-to-maturity	$	179,286	$	172	$	(11,775	)	$	168,034

Schedule of Amortized Cost and Estimated Fair Value of Debt Investments by Contractual Maturity


	Available-for-Sale				Held-to-Maturity
	Amortized		Estimated		Amortized		Estimated
(In thousands)	Cost		Fair Value		Cost		Fair Value
Due in one year or less	$	14,558	$	14,769	$	3,417	$	3,389
Due after one year through five years		9,336		8,893		20,929		20,176
Due after five years through ten years		42,709		38,518		40,516		37,060
Due after ten years		80,676		79,986		17,104		15,311
Sub-total		147,279		142,166		81,966		75,936
Residential mortgage-backed - US agency		33,036		31,984		6,823		6,177
Collateralized mortgage obligations - US agency		15,550		14,650		12,762		11,357
Collateralized mortgage obligations - Private label		88,770		85,971		65,013		62,810
Totals	$	284,635	$	274,771	$	166,564	$	156,280

Schedule of Investment Securities' Gross Unrealized Losses and Fair Value by Investment Category and Length of Time that Individual Securities have Continuous Unrealized Loss Position


	June 30, 2024
	Less than Twelve Months							Twelve Months or More							Total
	Number of							Number of							Number of
	Individual		Unrealized			Fair		Individual		Unrealized			Fair		Individual		Unrealized			Fair
(In thousands)	Securities		Losses			Value		Securities		Losses			Value		Securities		Losses			Value
Available-for-Sale Portfolio
US Treasury, agencies and GSEs		6	$	(37	)	$	2,488		4	$	(3,758	)	$	27,111		10	$	(3,795	)	$	29,599
State and political subdivisions		-		-			-		21		(1,724	)		25,213		21		(1,724	)		25,213
Corporate		-		-			-		4		(353	)		3,354		4		(353	)		3,354
Asset backed securities		1		(5	)		430		7		(174	)		9,153		8		(179	)		9,583
Residential mortgage-backed - US agency		6		(225	)		10,056		12		(864	)		14,291		18		(1,089	)		24,347
Collateralized mortgage obligations - US agency		1		(5	)		1,208		11		(961	)		7,594		12		(966	)		8,802
Collateralized mortgage obligations - Private label		15		(189	)		31,701		27		(2,702	)		29,060		42		(2,891	)		60,761
Totals		29	$	(461	)	$	45,883		86	$	(10,536	)	$	115,776		115	$	(10,997	)	$	161,659
Held-to-Maturity Portfolio
US Treasury, agencies and GSEs		-	$	-		$	-		2	$	(319	)	$	3,350		2	$	(319	)	$	3,350
State and political subdivisions		4		(7	)		1,387		18		(1,990	)		13,095		22		(1,997	)		14,482
Corporate		-		-			-		39		(2,709	)		33,527		39		(2,709	)		33,527
Asset backed securities		2		(16	)		2,812		7		(1,031	)		10,538		9		(1,047	)		13,350
Residential mortgage-backed - US agency		-		-			-		7		(668	)		4,876		7		(668	)		4,876
Collateralized mortgage obligations - US agency		-		-			-		9		(1,406	)		10,695		9		(1,406	)		10,695
Collateralized mortgage obligations - Private label		-		-			-		39		(2,384	)		50,424		39		(2,384	)		50,424
Totals		6	$	(23	)	$	4,199		121	$	(10,507	)	$	126,505		127	$	(10,530	)	$	130,704


	December 31, 2023
	Less than Twelve Months							Twelve Months or More							Total
	Number of							Number of							Number of
	Individual		Unrealized			Fair		Individual		Unrealized			Fair		Individual		Unrealized			Fair
(In thousands)	Securities		Losses			Value		Securities		Losses			Value		Securities		Losses			Value
Available-for-Sale Portfolio
US Treasury, agencies and GSEs		3	$	(13	)	$	5,990		3	$	(3,246	)	$	25,794		6	$	(3,259	)	$	31,784
State and political subdivisions		-		-			-		20		(1,809	)		26,432		20		(1,809	)		26,432
Corporate		-		-			-		5		(365	)		4,351		5		(365	)		4,351
Asset backed securities		3		(65	)		5,907		10		(294	)		13,985		13		(359	)		19,892
Residential mortgage-backed - US agency		1		(14	)		2,477		15		(1,071	)		14,931		16		(1,085	)		17,408
Collateralized mortgage obligations - US agency		-		-			-		11		(995	)		8,123		11		(995	)		8,123
Collateralized mortgage obligations - Private label		10		(274	)		18,067		33		(3,571	)		46,483		43		(3,845	)		64,550
Totals		17	$	(366	)	$	32,441		97	$	(11,351	)	$	140,099		114	$	(11,717	)	$	172,540
Held-to-Maturity Portfolio
US Treasury, agencies and GSE's		-	$	-		$	-		2	$	(304	)	$	3,456		2	$	(304	)	$	3,456
State and political subdivisions		4		(2	)		575		14		(1,872	)		12,718		18		(1,874	)		13,293
Corporate		1		(61	)		439		39		(3,220	)		33,532		40		(3,281	)		33,971
Asset backed securities		2		(8	)		2,877		8		(1,172	)		10,652		10		(1,180	)		13,529
Residential mortgage-backed - US agency		-		-			-		7		(665	)		4,942		7		(665	)		4,942
Collateralized mortgage obligations - US agency		-		-			-		10		(1,293	)		11,928		10		(1,293	)		11,928
Collateralized mortgage obligations - Private label		4		(38	)		5,827		43		(3,140	)		60,260		47		(3,178	)		66,087
Totals		11	$	(109	)	$	9,718		123	$	(11,666	)	$	137,488		134	$	(11,775	)	$	147,206

Schedule of Allowance for Credit Losses on Investment Securities Classified as Held-to-maturity

The following tables depicts a rollforward of the allowance for credit losses on investment securities classified as held-to-maturity for the three months ended June 30, 2024 and 2023:


(In thousands)	Government Issued and Government Sponsored Enterprise Securities		Mortgage and Asset-backed Securities		Securities Issued By State and Political Subdivisions			Corporate Securities			Total
Balance, March 31, 2024	$	-	$	-	$	2		$	365		$	367
Provision for credit losses		-		-		(1	)		(73	)		(74	)
Allowance on purchased financial assets with credit deterioration		-		-		-			-			-
Charge-offs of securities		-		-		-			-			-
Recoveries		-		-		-			-			-
Balance, June 30, 2024	$	-	$	-	$	1		$	292		$	293


	Government Issued and Government Sponsored Enterprise Securities		Mortgage and Asset-backed Securities			Securities Issued By State and Political Subdivisions		Corporate Securities			Total
Balance, March 31, 2023	$	-	$	40		$	1	$	409		$	450
Provision for credit losses		-		(18	)		1		(12	)		(29	)
Allowance on purchased financial assets with credit deterioration		-		-			-		-			-
Charge-offs of securities		-		-			-		-			-
Recoveries		-		-			-		-			-
Balance, June 30, 2023	$	-	$	22		$	2	$	397		$	421

The following tables depicts a rollforward of the allowance for credit losses on investment securities classified as held-to-maturity for the six months ended June 30, 2024 and 2023:


(In thousands)	Government Issued and Government Sponsored Enterprise Securities		Mortgage and Asset-backed Securities		Securities Issued By State and Political Subdivisions			Corporate Securities			Total
Balance, December 31, 2023	$	-	$	-	$	2		$	350		$	352
Provision for credit losses		-				(1	)		(58	)		(59	)
Allowance on purchased financial assets with credit deterioration		-		-		-			-			-
Charge-offs of securities		-		-		-			-			-
Recoveries		-		-		-			-			-
Balance, June 30, 2024	$	-	$	-	$	1		$	292		$	293


(In thousands)	Government Issued and Government Sponsored Enterprise Securities		Mortgage and Asset-backed Securities			Securities Issued By State and Political Subdivisions		Corporate Securities			Total
Balance, December 31, 2022	$	-	$	-		$	-	$	-		$	-
Adjustment for the adoption of ASU 2016-13		-		40			1		409			450
Provision for credit losses		-		(18	)		1		(12	)		(29	)
Allowance on purchased financial assets with credit deterioration		-		-			-		-			-
Charge-offs of securities		-		-			-		-			-
Recoveries		-		-			-		-			-
Balance, June 30, 2023	$	-	$	22		$	2	$	397		$	421

Schedule of Amortized Cost of Debt Securities Categorized as Held-to-maturity Aggregated by Credit Quality

The following tables summarizes the amortized cost of debt securities categorized as HTM at June 30, 2024 and December 31, 2023, aggregated by credit quality indicators:


(In thousands)	June 30, 2024		December 31, 2023
AAA or equivalent	$	37,178	$	42,476
AA or equivalent, including securities issued by the United States Government or Government Sponsored Enterprises		44,731		49,479
A or equivalent		14,719		19,021
BBB or equivalent		20,784		16,304
BB or equivalent		985		983
Unrated		48,167		51,374
Total	$	166,564	$	179,637

Schedule of Gross Realized Gains (Losses) on Sale and Redemptions of Securities

Gross realized (losses) gains on sales and redemptions of available-for-sale and held-to-maturity securities for the indicated periods are detailed below:


	For the three months				For the six months
	ended June 30,				ended June 30,
(In thousands)	2024		2023		2024			2023
Realized gains on investments	$	16	$	-	$	750		$	2,021
Realized losses on investments		-		-		(882	)		(1,948	)
Total	$	16	$	-	$	(132	)	$	73

Noninterest Income - Summary of Noninterest Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation Of Revenue [Line Items]
Earnings and gains on bank owned life insurance	$ 167	$ 143	$ 324	$ 301
Net gains (losses) on sales and redemptions of investment securities	16	0	(132)	73
Net realized losses on sales of marketable equity securities	(139)	(169)	(31)	(169)
Non-recurring gain on lease renegotiations	0	0	245	0
Other miscellaneous income	(7)	24	178	37
Total noninterest income	1,211	1,087	2,948	2,679
Insufficient Funds Fees [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	194	163	373	307
Deposit Related Fees [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	114	112	223	209
ATM Fees [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	22	28	43	54
Service Charges on Deposit Accounts [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	330	303	639	570
Insurance Agency [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	260	271	657	691
Investment Services Revenue [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	115	97	257	232
ATM Fees Surcharge [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	58	59	108	107
Banking House Rents Collected [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	54	48	109	96
Fee Income [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	487	475	1,131	1,126
Debit Card Interchange Fees [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	191	112	310	433
Merchant Card Fees [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	14	15	26	27
Card Income [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	205	127	336	460
Loan Servicing Fees [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	112	67	200	139
Net Gain on Sale of Loans and Foreclosed Real Estate [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	40	117	58	142
Total Mortgage Fee Income and Realized Gain on Sale of Loans and Foreclosed Real Estate [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	152	184	258	281
Service Fees, Fee Income, Card Income and Mortgage Fee Income and Realized Gain on Sale of Loans and Foreclosed Real Estate [Member]
Disaggregation Of Revenue [Line Items]
Non interest income	$ 1,174	$ 1,089	$ 2,364	$ 2,437

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest and dividend income:
Loans, including fees	$ 12,489	$ 11,791	$ 24,757	$ 22,449
Debt securities:
Taxable	5,736	4,173	11,343	7,920
Tax-exempt	498	479	1,006	934
Dividends	178	123	307	201
Federal funds sold and interest earning deposits	121	55	219	160
Total interest and dividend income	19,022	16,621	37,632	31,664
Interest expense:
Interest on deposits	7,626	5,625	15,037	9,662
Interest on short-term borrowings	1,226	578	2,340	950
Interest on long-term borrowings	201	203	395	397
Interest on subordinated loans	489	483	980	955
Total interest expense	9,542	6,889	18,752	11,964
Net interest income	9,480	9,732	18,880	19,700
Provision for (benefit from) credit losses:
Loans	304	1,185	1,014	1,877
Held-to-maturity securities	(74)	(29)	(59)	(29)
Unfunded commitments	60	(16)	61	(16)
Total provision for credit losses	290	1,140	1,016	1,832
Net interest income after provision for credit losses	9,190	8,592	17,864	17,868
Noninterest income:
Earnings and gains on bank owned life insurance	167	143	324	301
Net realized gains (losses) on sales and redemptions of investment securities	16	0	(132)	73
Net realized losses on sales of marketable equity securities	(139)	(169)	(31)	(169)
Gains on sales of loans and foreclosed real estate	40	117	58	142
Insurance agency revenue	260	271	657	691
Total noninterest income	1,211	1,087	2,948	2,679
Noninterest expense:
Salaries and employee benefits	4,399	3,906	8,728	8,089
Building and occupancy	914	979	1,730	1,831
Data processing	550	483	1,078	1,036
Professional and other services	696	503	1,258	1,039
Advertising	116	166	221	372
FDIC assessments	228	222	457	441
Audits and exams	123	158	293	317
Insurance agency expense	232	283	517	544
Community service activities	39	66	91	96
Foreclosed real estate expenses	30	18	55	32
Other expenses	581	390	1,186	901
Total noninterest expense	7,908	7,174	15,614	14,698
Income before provision for income taxes	2,493	2,505	5,198	5,849
Provision for income taxes	481	530	1,013	1,199
Net income attributable to noncontrolling interest and Pathfinder Bancorp, Inc.	2,012	1,975	4,185	4,650
Net income (loss) attributable to noncontrolling interest	12	(7)	65	69
Net income attributable to Pathfinder Bancorp Inc.	$ 2,000	$ 1,982	$ 4,120	$ 4,581
Voting Common Stock dividends	$ 0.1	$ 0.09	$ 0.2	$ 0.18
Voting Common Stock [Member]
Noninterest expense:
Voting Earnings per common share- basic	0.32	0.32	0.66	0.75
Voting Earnings per common share - diluted	0.32	0.32	0.66	0.75
Voting Common Stock dividends	471	419	943	834
Series A Non voting [Member]
Noninterest expense:
Voting Earnings per common share- basic	0.32	0.32	0.66	0.75
Voting Earnings per common share - diluted	0.32	0.32	0.66	0.75
Voting and Series A Non-Voting [Member]
Noninterest expense:
Voting Common Stock dividends	$ 0.1	$ 0.09	$ 0.2	$ 0.18
Service Charges on Deposit Accounts [Member]
Noninterest income:
Noninterest income	$ 330	$ 303	$ 639	$ 570
Loan Servicing Fees [Member]
Noninterest income:
Noninterest income	112	67	200	139
Debit Card Interchange Fees [Member]
Noninterest income:
Noninterest income	191	112	310	433
Other Charges, Commissions & Fees [Member]
Noninterest income:
Noninterest income	$ 234	$ 243	$ 923	$ 499

Investment Securities - Additional Information (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) Security	Dec. 31, 2023 USD ($) Security
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Number of securities in unrealized loss positions, twelve months or more \| Security	86	97
Available for sale securities unrealized aggregate loss	$ 10,536,000	$ 11,351,000
Available-for-sale investment securities aggregate, amortized historical cost	284,800,000
Available-for-sale investment securities aggregate fair value that exceeded and amortized historical cost	$ 9,900,000	$ 10,200,000
Available-for-sale investment securities aggregate fair value and amortized historical cost percentage	(3.50%)	(3.80%)
Available-for-sale investment securities decline in fair value and amortized historical cost	$ 377,000
Held-to-maturity Securities [Abstract]
Available For Sale Securities Continuous Unrealized Loss Position Greater Than Twelve Months Amortized Historical Cost Basis		$ 269,000,000
Gain (Loss) on Sale of Investments [Abstract]
Securities pledged to collateralize deposit	120,700,000	110,300,000
Securities pledged to collateralize borrowing	116,100,000	$ 114,300,000
Aggregate fair value	$ 1,300,000
State and Political Subdivisions [Member]
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Number of securities in unrealized loss positions, twelve months or more \| Security	21	20
Available for sale securities unrealized aggregate loss	$ 1,724,000	$ 1,809,000
Held-to-maturity Securities [Abstract]
Number of securities in unrealized loss positions, twelve months or more \| Security	18	14
Debt Securities [Member]
Held-to-maturity Securities [Abstract]
Number of securities in unrealized loss positions, twelve months or more \| Security	121	123
Held-to-Maturity Securities [Member]
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Available for sale securities continuous unrealized loss position twelve months or more amortized historical cost basis	$ 166,600,000	$ 179,600,000
Available-for-sale investment securities aggregate fair value that exceeded and amortized historical cost	$ 10,300,000	$ 11,600,000
Available-for-sale investment securities aggregate fair value and amortized historical cost percentage	(6.20%)	(6.50%)

Foreclosed Real Estate - Carrying amount of foreclosed residential real estate properties (Details) $ in Thousands	Jun. 30, 2024 USD ($) Property	Dec. 31, 2023 USD ($) Property
Foreclosed Real Estate [Line Items]
Foreclosed real estate, Carrying amount \| $	$ 60	$ 151
Real Estate [Member]
Foreclosed Real Estate [Line Items]
Foreclosed real estate, Number of properties \| Property	2	4

Loans - Additional Information (Details)	6 Months Ended
Loans - Additional Information (Details)	Jun. 30, 2024 USD ($) Segment Loan	Dec. 31, 2023 USD ($) Loan
Accounts Notes And Loans Receivable [Line Items]
Loans receivables Ending balance	$ 871,371,000	$ 881,232,000
ACL related to pools	$ 2,100,000	$ 2,100,000
Number of portfolio segment \| Segment	3
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net, Total	$ 753,000
Receivables From Unpaid Loan	411,000
Borrowings From Loan	111,000,000
Due From Borrowings	$ 300,000
Residential Mortgage Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Number of non-performing loans \| Loan	204	150
Non-performing loans outstanding	$ 24,500,000	$ 17,200,000
Percentage of non-performing loans	2.80%
Non-accrual commercial loan	$ 1,400,000
Additional non-accrual commercial loan	7,300,000
Commercial lines of credit and commercial loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Non-accrual commercial loan	4,800,000
Consumer loan relationships [Member]
Accounts Notes And Loans Receivable [Line Items]
Non-accrual commercial loan	1,100,000
OtherLoan
Accounts Notes And Loans Receivable [Line Items]
Non-accrual commercial loan	85,000
Asset Pledged as Collateral [Member] \| Residential Mortgage Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans receivables Ending balance	$ 118,100,000	$ 113,600,000

Pension and Postretirement Benefits - Composition of Net Periodic Pension Plan and Postretirement Plan Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	139	141	278	281
Expected return on plan assets	(253)	(242)	(506)	(483)
Amortization of prior service credits	0	0	0	0
Amortization of net losses	39	58	79	114
Net periodic benefit plan (benefit) cost	(75)	(43)	(149)	(88)
Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0	0
Interest cost	1	2	3	4
Expected return on plan assets	0	0	0	0
Amortization of prior service credits	(1)	(1)	(2)	(2)
Amortization of net losses	0	(2)	(1)	(3)
Net periodic benefit plan (benefit) cost	$ 0	$ (1)	$ 0	$ (1)

Interest Rate Derivatives - Schedule of Hedge transcations increased the net income - Details (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Average Notional Balance \| Fair Value Hedging
Derivative [Line Items]
Investments	$ 85,101	$ 54,574
Loans	137,344	69,357
Fair Value Hedges, Net, Total	222,445	123,931
Average Notional Balance \| Cash Flow Hedging
Derivative [Line Items]
Borrowed Funds	23,778	53,333
Period Ending Notional Balance \| Fair Value Hedging
Derivative [Line Items]
Investments	82,292	52,120
Loans	134,763	115,687
Fair Value Hedges, Net, Total	217,055	167,807
Period Ending Notional Balance \| Cash Flow Hedging
Derivative [Line Items]
Borrowed Funds	0	70,000
Net Cash Received Recorded In Net \| Fair Value Hedging
Derivative [Line Items]
Investments	1,229	940
Loans	1,287	796
Fair Value Hedges, Net, Total	2,516	1,736
Net Cash Received Recorded In Net \| Cash Flow Hedging
Derivative [Line Items]
Borrowed Funds	157	336
Fair Value Receivable (Payable) at Quarter End \| Fair Value Hedging
Derivative [Line Items]
Investments	3,565	6,080
Loans	3,573	3,742
Fair Value Hedges, Net, Total	7,138	9,822
Fair Value Receivable (Payable) at Quarter End \| Cash Flow Hedging
Derivative [Line Items]
Borrowed Funds	$ 0	$ (99)

Loans - Summary of Age Analysis of Past Due Loans Segregated by Portfolio Segment and Class of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	$ 5,148	$ 8,413
Total Loans Receivable	888,680	897,781
30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	11,638	13,568
60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	6,139	3,199
90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	24,490	17,227
Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	42,267	33,994
Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	846,413	863,787
Residential Mortgage Loans [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	69	69
Total Loans Receivable	250,415	258,959
Residential Mortgage Loans [Member] \| 30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	1,278	1,462
Residential Mortgage Loans [Member] \| 60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	568	2,269
Residential Mortgage Loans [Member] \| 90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	1,737	1,770
Residential Mortgage Loans [Member] \| Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	3,583	5,501
Residential Mortgage Loans [Member] \| Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	246,832	253,458
Residential Mortgage Loans [Member] \| Residential 1-4 Family First Mortgages [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	69	69
Total Loans Receivable	250,106	257,604
Residential Mortgage Loans [Member] \| Residential 1-4 Family First Mortgages [Member] \| 30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	1,278	1,462
Residential Mortgage Loans [Member] \| Residential 1-4 Family First Mortgages [Member] \| 60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	568	2,269
Residential Mortgage Loans [Member] \| Residential 1-4 Family First Mortgages [Member] \| 90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	1,737	1,770
Residential Mortgage Loans [Member] \| Residential 1-4 Family First Mortgages [Member] \| Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	3,583	5,501
Residential Mortgage Loans [Member] \| Residential 1-4 Family First Mortgages [Member] \| Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	246,523	252,103
Residential Mortgage Loans [Member] \| Construction [Member]
Recorded Investment, Past Due [Line Items]
Total Loans Receivable	309	1,355
Residential Mortgage Loans [Member] \| Construction [Member] \| 30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Residential Mortgage Loans [Member] \| Construction [Member] \| 60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Residential Mortgage Loans [Member] \| Construction [Member] \| 90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Residential Mortgage Loans [Member] \| Construction [Member] \| Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Residential Mortgage Loans [Member] \| Construction [Member] \| Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	309	1,355
Commercial Loans [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	2,945	7,137
Total Loans Receivable	527,249	524,167
Commercial Loans [Member] \| 30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	9,516	10,912
Commercial Loans [Member] \| 60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	5,276	518
Commercial Loans [Member] \| 90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	18,516	12,317
Commercial Loans [Member] \| Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	33,308	23,747
Commercial Loans [Member] \| Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	493,941	500,420
Commercial Loans [Member] \| Real Estate [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	715	3,058
Total Loans Receivable	370,361	358,707
Commercial Loans [Member] \| Real Estate [Member] \| 30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	7,094	5,385
Commercial Loans [Member] \| Real Estate [Member] \| 60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	5,276	196
Commercial Loans [Member] \| Real Estate [Member] \| 90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	6,421	5,053
Commercial Loans [Member] \| Real Estate [Member] \| Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	18,791	10,634
Commercial Loans [Member] \| Real Estate [Member] \| Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	351,570	348,073
Commercial Loans [Member] \| Lines of Credit [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	250	0
Total Loans Receivable	62,711	72,069
Commercial Loans [Member] \| Lines of Credit [Member] \| 30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	1,128	180
Commercial Loans [Member] \| Lines of Credit [Member] \| 60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Commercial Loans [Member] \| Lines of Credit [Member] \| 90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	2,310	924
Commercial Loans [Member] \| Lines of Credit [Member] \| Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	3,438	1,104
Commercial Loans [Member] \| Lines of Credit [Member] \| Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	59,273	70,965
Commercial Loans [Member] \| Other Commercial and Industrial [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	1,980	4,079
Total Loans Receivable	90,813	89,803
Commercial Loans [Member] \| Other Commercial and Industrial [Member] \| 30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	1,294	5,347
Commercial Loans [Member] \| Other Commercial and Industrial [Member] \| 60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	322
Commercial Loans [Member] \| Other Commercial and Industrial [Member] \| 90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	9,785	6,340
Commercial Loans [Member] \| Other Commercial and Industrial [Member] \| Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	11,079	12,009
Commercial Loans [Member] \| Other Commercial and Industrial [Member] \| Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	79,734	77,794
Commercial Loans [Member] \| Paycheck Protection Program Loans [Member]
Recorded Investment, Past Due [Line Items]
Total Loans Receivable	136	158
Commercial Loans [Member] \| Paycheck Protection Program Loans [Member] \| 30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Commercial Loans [Member] \| Paycheck Protection Program Loans [Member] \| 60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Commercial Loans [Member] \| Paycheck Protection Program Loans [Member] \| 90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Commercial Loans [Member] \| Paycheck Protection Program Loans [Member] \| Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Commercial Loans [Member] \| Paycheck Protection Program Loans [Member] \| Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	136	158
Commercial Loans [Member] \| Tax Exempt Loans [Member]
Recorded Investment, Past Due [Line Items]
Total Loans Receivable	3,228	3,430
Commercial Loans [Member] \| Tax Exempt Loans [Member] \| 30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Commercial Loans [Member] \| Tax Exempt Loans [Member] \| 60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Commercial Loans [Member] \| Tax Exempt Loans [Member] \| 90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Commercial Loans [Member] \| Tax Exempt Loans [Member] \| Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	0	0
Commercial Loans [Member] \| Tax Exempt Loans [Member] \| Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	3,228	3,430
Consumer Loans [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	2,134	1,207
Total Loans Receivable	111,016	114,655
Consumer Loans [Member] \| 30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	844	1,194
Consumer Loans [Member] \| 60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	295	412
Consumer Loans [Member] \| 90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	4,237	3,140
Consumer Loans [Member] \| Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	5,376	4,746
Consumer Loans [Member] \| Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	105,640	109,909
Consumer Loans [Member] \| Home Equity and Junior Liens [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	60	0
Total Loans Receivable	35,821	34,858
Consumer Loans [Member] \| Home Equity and Junior Liens [Member] \| 30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	365	210
Consumer Loans [Member] \| Home Equity and Junior Liens [Member] \| 60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	25	29
Consumer Loans [Member] \| Home Equity and Junior Liens [Member] \| 90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	175	192
Consumer Loans [Member] \| Home Equity and Junior Liens [Member] \| Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	565	431
Consumer Loans [Member] \| Home Equity and Junior Liens [Member] \| Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	35,256	34,427
Consumer Loans [Member] \| Other Consumer [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	2,074	1,207
Total Loans Receivable	75,195	79,797
Consumer Loans [Member] \| Other Consumer [Member] \| 30-59 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	479	984
Consumer Loans [Member] \| Other Consumer [Member] \| 60-89 Days Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	270	383
Consumer Loans [Member] \| Other Consumer [Member] \| 90 Days and Over [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	4,062	2,948
Consumer Loans [Member] \| Other Consumer [Member] \| Total Past Due [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	4,811	4,315
Consumer Loans [Member] \| Other Consumer [Member] \| Current [Member]
Recorded Investment, Past Due [Line Items]
Nonaccrual loans without related allowance for credit loss	$ 70,384	$ 75,482