OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), parent of Pathfinder Bank, reported that its third-quarter profit fell 21 percent, driven by increased labor costs.
Pathfinder reported on Friday that net income dipped to $528,000 in the third quarter from $670,000 in the year-ago period. The profit decrease “was principally due to the $300,000 increase in personnel expenses driven, in part, by increased health insurance expenses,” Pathfinder said in the earnings report.
Pathfinder Bank is a New York chartered savings bank headquartered in Oswego. It has eight full-service offices located in its market area of Oswego County and northern Onondaga County.
(Sponsored)
Working Another Job While on FMLA Leave is Not Necessarily Misconduct
Imagine this. You have an employee who is on leave pursuant to the Family and Medical Leave Act (FMLA) and you discover that the employee is working for another employer.
Ask the Expert: Protecting Investment Property Owners
When you think of construction or subcontracting, the first images that come to mind are hard hats, cranes, and crews on the job site. But for investment property owners, the
Contact Rombel at arombel@cnybj.com
