Cortland Bancorp (CLDB) financial statements (2022 and earlier)

Company profile

Business Address 194 W MAIN ST
CORTLAND, OH 44410
State of Incorp. OH
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,10827,81519,69219,12515,35126,63018,430
Cash and cash equivalents36,10827,81519,69219,12515,35118,49610,569
Short-term investments     8,1347,861
Disposal group, including discontinued operation      632
Total current assets:36,10827,81519,69219,12515,35126,63019,062
Noncurrent Assets
Operating lease, right-of-use asset 1,800
Property, plant and equipment11,69312,01810,2029,0389,1329,1907,697
Total noncurrent assets:11,69313,81810,2029,0389,1329,1907,697
Other undisclosed assets773,504695,529684,772682,938630,701576,623542,173
TOTAL ASSETS:821,305737,162714,666711,101655,184612,443568,932
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3,4881,92214,20634,67825,70219,49919,867
Total current liabilities:3,4881,92214,20634,67825,70219,49919,867
Noncurrent Liabilities
Long-term debt and lease obligation16,00024,00016,00014,00017,50025,000 
Long-term debt, excluding current maturities16,00024,00016,00014,00017,50025,000 
Total noncurrent liabilities:16,00024,00016,00014,00017,50025,000 
Other undisclosed liabilities720,812636,902619,542600,793554,312511,260493,213
Total liabilities:740,300662,824649,748649,471597,514555,759513,080
Stockholders' equity
Stockholders' equity attributable to parent81,00574,33864,91861,63057,67056,68455,852
Common stock23,64123,64123,64123,64123,64123,64123,641
Treasury stock, value(10,604)(7,924)(7,140)(5,517)(5,373)(5,403)(3,553)
Additional paid in capital21,23821,26620,98420,92820,87820,83320,833
Accumulated other comprehensive income (loss)4,8671,168(3,656)(1,825)(2,961)(238)376
Retained earnings41,86336,18731,08924,40321,48517,85114,555
Total stockholders' equity:81,00574,33864,91861,63057,67056,68455,852
TOTAL LIABILITIES AND EQUITY:821,305737,162714,666711,101655,184612,443568,932

Income statement (P&L) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues30,98831,19728,72326,80725,90623,92523,112
Net investment income27,09229,64327,74923,49222,55521,11320,665
Cost of revenue(1,575)(715)(725)(100)(50)(455)(1,638)
Provision for loan, lease, and other losses(1,575)(715)(725)
Financial services costs(100)(50)(455)(1,638)
Gross profit:29,41330,48227,99826,70725,85623,47021,474
Operating expenses(4,725)(4,676)(4,176)(14,940)(14,434)(13,003)(12,631)
Other operating income, net
(Noninterest Income, Other Operating Income)
963      
Operating income:25,65125,80623,82211,76711,42210,4678,843
Nonoperating income3983921,8691,3807474021,294
Investment income, nonoperating   741964949
Bank owned life insurance income3983921,8691,203328338336
Interest and debt expense(3,809)(5,554)(4,383)(3,190)(3,160)(2,607)(2,884)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (2,482)
Income from continuing operations before equity method investments, income taxes:22,24020,64421,3089,9579,0098,2624,771
Other undisclosed loss from continuing operations before income taxes(12,506)(12,003)(11,058)(3,190)(3,011)(2,665) 
Income from continuing operations before income taxes:9,7348,64110,2506,7675,9985,5974,771
Income tax expense(1,471)(1,359)(1,415)(2,417)(1,127)(1,219)(902)
Net income available to common stockholders, diluted:8,2637,2828,8354,3504,8714,3783,869

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:8,2637,2828,8354,3504,8714,3783,869
Other comprehensive income (loss)3,6994,824(1,831)1,430(2,723)(614)3,264
Comprehensive income, net of tax, attributable to parent:11,96212,1067,0045,7802,1483,7647,133

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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