PBFS — what changed in the latest 10-Q
A section-by-section comparison of PBFS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-10 vs the prior 10-Q · 2026-05-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +96 | −38 | ~82 | 187 |
| Market risk (Item 3) | Text added/removed | +49 | −17 | ~40 | 107 |
| Controls & procedures | Text added/removed | +49 | −17 | ~40 | 107 |
| Legal proceedings | Text added/removed | +49 | −17 | ~40 | 107 |
| Risk factors | Some risk factors updated | +49 | −17 | ~40 | 107 |
| Other information | Text added/removed | +49 | −17 | ~40 | 106 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-10
Purchase of employee restricted shares to fund statutory tax withholding
Purchase of employee restricted shares to fund statutory tax withholding
Purchase of employee restricted shares to fund statutory tax withholding
Proceeds from the sale of premises and equipment, other real estate owned and repossessed assets
Purchase of employee restricted shares to fund statutory tax withholding
Text removed vs the prior filing · source: 10-Q · 2026-05-11
Right of use assets obtained in exchange for new finance lease liabilities
The Company provides diversified financial services through the Bank and its subsidiaries, with 23 offices in the Capital Region of New York State. The Company, through its subsidiaries, offers a broad array of deposit, lending, and other financial services to individuals, businesses, and municipali…
The Company’s reportable segments are determined by the Chief Executive Officer, who is designated as the chief operating decision maker, based on information provided about the Company’s products and services offered. The Company’s operations are primarily in the community banking industry and incl…
In November 2024, the FASB issued ASU No. 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures, to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses in …
On April 24, 2026, the Bank completed the acquisition of 100% of the membership interests of Targeted Lending Co., LLC (“Targeted Lending”), an independent equipment financing company with approximately $120 million of loans on its balance sheet.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-10
Purchase of employee restricted shares to fund statutory tax withholding
Purchase of employee restricted shares to fund statutory tax withholding
Purchase of employee restricted shares to fund statutory tax withholding
Proceeds from the sale of premises and equipment, other real estate owned and repossessed assets
Purchase of employee restricted shares to fund statutory tax withholding
Text removed vs the prior filing · source: 10-Q · 2026-05-11
Right of use assets obtained in exchange for new finance lease liabilities
The Company provides diversified financial services through the Bank and its subsidiaries, with 23 offices in the Capital Region of New York State. The Company, through its subsidiaries, offers a broad array of deposit, lending, and other financial services to individuals, businesses, and municipali…
The Company’s reportable segments are determined by the Chief Executive Officer, who is designated as the chief operating decision maker, based on information provided about the Company’s products and services offered. The Company’s operations are primarily in the community banking industry and incl…
In November 2024, the FASB issued ASU No. 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures, to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses in …
On April 24, 2026, the Bank completed the acquisition of 100% of the membership interests of Targeted Lending Co., LLC (“Targeted Lending”), an independent equipment financing company with approximately $120 million of loans on its balance sheet.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-10
Purchase of employee restricted shares to fund statutory tax withholding
Purchase of employee restricted shares to fund statutory tax withholding
Purchase of employee restricted shares to fund statutory tax withholding
Proceeds from the sale of premises and equipment, other real estate owned and repossessed assets
Purchase of employee restricted shares to fund statutory tax withholding
Text removed vs the prior filing · source: 10-Q · 2026-05-11
Right of use assets obtained in exchange for new finance lease liabilities
The Company provides diversified financial services through the Bank and its subsidiaries, with 23 offices in the Capital Region of New York State. The Company, through its subsidiaries, offers a broad array of deposit, lending, and other financial services to individuals, businesses, and municipali…
The Company’s reportable segments are determined by the Chief Executive Officer, who is designated as the chief operating decision maker, based on information provided about the Company’s products and services offered. The Company’s operations are primarily in the community banking industry and incl…
In November 2024, the FASB issued ASU No. 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures, to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses in …
On April 24, 2026, the Bank completed the acquisition of 100% of the membership interests of Targeted Lending Co., LLC (“Targeted Lending”), an independent equipment financing company with approximately $120 million of loans on its balance sheet.
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-10
Purchase of employee restricted shares to fund statutory tax withholding
Purchase of employee restricted shares to fund statutory tax withholding
Purchase of employee restricted shares to fund statutory tax withholding
Proceeds from the sale of premises and equipment, other real estate owned and repossessed assets
Purchase of employee restricted shares to fund statutory tax withholding
Text removed vs the prior filing · source: 10-Q · 2026-05-11
Right of use assets obtained in exchange for new finance lease liabilities
The Company provides diversified financial services through the Bank and its subsidiaries, with 23 offices in the Capital Region of New York State. The Company, through its subsidiaries, offers a broad array of deposit, lending, and other financial services to individuals, businesses, and municipali…
The Company’s reportable segments are determined by the Chief Executive Officer, who is designated as the chief operating decision maker, based on information provided about the Company’s products and services offered. The Company’s operations are primarily in the community banking industry and incl…
In November 2024, the FASB issued ASU No. 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures, to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses in …
On April 24, 2026, the Bank completed the acquisition of 100% of the membership interests of Targeted Lending Co., LLC (“Targeted Lending”), an independent equipment financing company with approximately $120 million of loans on its balance sheet.
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-10
Purchase of employee restricted shares to fund statutory tax withholding
Purchase of employee restricted shares to fund statutory tax withholding
Purchase of employee restricted shares to fund statutory tax withholding
Proceeds from the sale of premises and equipment, other real estate owned and repossessed assets
Purchase of employee restricted shares to fund statutory tax withholding
Text removed vs the prior filing · source: 10-Q · 2026-05-11
Right of use assets obtained in exchange for new finance lease liabilities
The Company provides diversified financial services through the Bank and its subsidiaries, with 23 offices in the Capital Region of New York State. The Company, through its subsidiaries, offers a broad array of deposit, lending, and other financial services to individuals, businesses, and municipali…
The Company’s reportable segments are determined by the Chief Executive Officer, who is designated as the chief operating decision maker, based on information provided about the Company’s products and services offered. The Company’s operations are primarily in the community banking industry and incl…
In November 2024, the FASB issued ASU No. 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures, to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses in …
On April 24, 2026, the Bank completed the acquisition of 100% of the membership interests of Targeted Lending Co., LLC (“Targeted Lending”), an independent equipment financing company with approximately $120 million of loans on its balance sheet.
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-10
Purchase of employee restricted shares to fund statutory tax withholding
Purchase of employee restricted shares to fund statutory tax withholding
Purchase of employee restricted shares to fund statutory tax withholding
Proceeds from the sale of premises and equipment, other real estate owned and repossessed assets
Purchase of employee restricted shares to fund statutory tax withholding
Text removed vs the prior filing · source: 10-Q · 2026-05-11
Right of use assets obtained in exchange for new finance lease liabilities
The Company provides diversified financial services through the Bank and its subsidiaries, with 23 offices in the Capital Region of New York State. The Company, through its subsidiaries, offers a broad array of deposit, lending, and other financial services to individuals, businesses, and municipali…
The Company’s reportable segments are determined by the Chief Executive Officer, who is designated as the chief operating decision maker, based on information provided about the Company’s products and services offered. The Company’s operations are primarily in the community banking industry and incl…
In November 2024, the FASB issued ASU No. 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures, to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses in …
On April 24, 2026, the Bank completed the acquisition of 100% of the membership interests of Targeted Lending Co., LLC (“Targeted Lending”), an independent equipment financing company with approximately $120 million of loans on its balance sheet.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice