Pathfinder Bancorp reported third-quarter net income of $2.1 million, or $0.32 per diluted share, compared to $0.42 in the prior quarter and $0.10 a year ago. The company declared a cash dividend of $0.10 per share, payable November 6 to shareholders of record on October 16. Net interest income rose slightly to $10.7 million, while net charge-offs reached $4.3 million against an allowance for credit losses of $22.7 million. Pathfinder Bancorp operates as a bank holding company serving Central New York.
