2024 Overview
General Bank Information
PathFinder Bank is an FDIC insured institution located in Oswego, NY. It was founded in 1859 and has approximately $0.66 billion in assets. Customers can open an account at one of its 9 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 15977 |
| Date Established | 1859 |
| Assets | $ 606.36 million |
| Loans | $ 385.17 million |
| Deposits | $ 496.00 million |
| Capital | $ 62.62 million |
For a more detailed analysis of PathFinder Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for PathFinder Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 401822 |
6.932% |
6.750% 0.88 points $6,000 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.463% |
7.375% 0.88 points $2,800 fees |
$2,211 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More | ||
NMLS ID: Not a Lender |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to PathFinder Bank
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Branches
PathFinder Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
PathFinder Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
PathFinder Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of PathFinder Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| PathFinder Bank | U.S. Bank Average |
|---|---|
| 9.59% | 3.96% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of December 31, 2024, PathFinder Bank had $6,067,000 in non-current loans and $465,000 in owned real estate. To cover these potential losses it had $62,618,000 in equity and $5,462,000 in loans loss reserves. That gives it a Texas Ratio of 9.59%.
Return on Equity
| PathFinder Bank | U.S. Bank Average |
|---|---|
| 3.84% | 12.20% |
PathFinder Bank has a Return on Equity of 3.84% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| PathFinder Bank | U.S. Bank Average |
|---|---|
| 10.33% | 10.76% |
PathFinder Bank has a Capitalization of 10.33% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
PathFinder Bank Balance Sheet Analysis
As of March 31, 2015, PathFinder Bank had assets of $664,638,000, loans of $385,171,000, and deposits of $495,997,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | N.A. |
| Interest-bearing balances | N.A. |
| Total securities | N.A. |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 385.17 million |
| Loan loss allowance | $ 5.46 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.47 million |
| Goodwill and other intangibles | N.A. |
| All other assets | N.A. |
| Total Assets | N.A. |
| LIABILITIES | |
|---|---|
| Total deposits | $ 496.00 million |
| Interest-bearing deposits | N.A. |
| Deposits held in domestic offices | N.A. |
| % insured (estimated) | 0.00% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | N.A. |
| Total Liabilities | N.A. |
| Shareholders’ Equity | $ 606.36 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | N.A. |
| Total Interest Expense | N.A. |
| Net interest income | N.A. |
| Provision for loan and lease losses | N.A. |
| Total non interest income | N.A. |
| Total non interest expense | N.A. |
| Pre-tax Net Operating Income | N.A. |
Bank Loan Profile?
The top three loan types in PathFinder Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.
Compared to other banks in New York, PathFinder Bank has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 50.79 | ✓ | ||
| Multifamily Mortgages |
4.60 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.61 | ✓ | ||
| Small Business Loans | 16.22 | ✓ | ||
| Construction and Development Loans | 2.06 | ✓ | ||
| Commercial Real Estate | 28.87 | ✓ | ||
| Commercial and Industrial Loans | 11.20 | ✓ | ||
| Farm Loans | 0.04 | ✓ | ||
Customer Reviews for PathFinder Bank
Eric olson
March 25, 2023 |
Horrible bank. I’ve been months with not mortgage statements mailed to me. I contact them and no one knows why, but “they’re working on it”! It’s been two months already. Absolutely worst bank I’ve ever dealt with and I’m certainly considering filing a complaint with a BBB or attorney general.
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MarkT
August 29, 2020 |
Can't believe this dream has become a nightmare. New web page and bill pay started and wow what a drastic piece of garbage. Pathfinder will have have to dig a lot to get out of this one. Hopefully they will bring back the User interface so people can use it as a bill pay option again. Without it this bill pay will be behind the times. Sure you can do budgets and financing items but lets not forget it was a bill pay option Pathfinder....
very Dissapointed
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Chelsea Moore
June 13, 2020 |
I regret leaving a negative review of the bank, though it actually only concerns the mortgage/loan dept. Briefly, I feel there is a educational and common sense gap in how their staff handles inquiries from customers. I was brought to tears recently over a basic question that became unnecessarily convoluted. Might this be a result of nepotism versus merit in its hiring practices?
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