Pathfinder Bancorp Inc. (PBHC) reported that its third-quarter net income available to common shareholders was $557 thousand or $0.22 per share, up from $293 thousand or $0.11 per share in the same quarter last year.
Net income decreased to $670,000 from $874,000 in the third quarter of 2011 due primarily to a reduction of $451,000 in net gains on the sales and redemptions of investment securities in the 2012 quarter compared with the comparable prior year quarter.
Net interest income for the quarter was $3.69 million, compared to $3.62 million last year.
Noninterest income excluding net gains on sales of securities, loans and foreclosed real estate was $637 thousand, compared to $614 thousand last year.
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