Pathfinder Bancorp Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net interest income of $2,999,000, income before taxes of $860,000, net income of $567,000 or $0.22 diluted per share, interest and dividend income of $4,391,000, return on average assets of 0.63% and return on average equity of 10.09% against net interest income of $2,781,000, loss before taxes of $1,126,000, net loss of $838,000 or $0.34 diluted per share, interest and dividend income of $4,659,000, negative return on average assets of 0.97% and negative return on average equity of 15.65% for the same period a year ago. For the nine months, the company reported net interest income of $8,589,000, income before taxes of $1,797,000, net income of $1,177,000 or $0.46 diluted per share, interest and dividend income of $13,262,000, return on average assets of 0.44% and return on average equity of 7.52% against net interest income of $7,830,000, loss before taxes of $288,000, net loss of $206,000 or $0.08 diluted per share, interest and dividend income of $13,665,000, negative return on average assets of 0.08% and negative return on average equity of 1.25% for the same period a year ago.

On October 1, 2009, Pathfinder Bancorp Inc. was notified that the audit practice of Beard Miller Company LLP an independent registered public accounting firm, was combined with ParenteBeard LLC in a transaction pursuant to which Beard combined its operations with ParenteBeard and certain of the professional staff and partners of Beard joined ParenteBeard either as employees or partners of ParenteBeard. On October 1, 2009, Beard resigned as the auditors of the company and with the approval of the Audit Committee of the company's Board of Directors, ParenteBeard was engaged as its independent registered public accounting firm.

Pathfinder Bancorp Inc. has announced that the company has declared a cash dividend of $0.03 per share on the company's common stock relating to the fiscal quarter ending September 30, 2009. The dividend will be payable to all shareholders of record on October 15, 2009 and will be paid on October 30, 2009.